Novagold Resources Inc
Score: Negative (10)
2 days at current score.
Downgraded from Neutral on November 2nd 2017
- This company ranked negatively compared to the Basic Materials sector despite 2 positive IHS Markit Categories
- Bearish sentiment is low
- Economic output in this company's sector is expanding
Short interest | Positive
Short interest is low for NG with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices.
ETF/Index ownership | Neutral
ETF activity is neutral. The net inflows of $1.94 billion over the last one-month into ETFs that hold NG are among the highest of the last year, but the rate of growth is slowing.
PMI by IHS Markit | Positive
According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Basic Materials sector is rising. The rate of growth is strong relative to the trend shown over the past year.
Credit default swap
CDS data is not available for this security.
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