Orinda Asset Management Has Lowered Its New York Reit (NYRT) Stake, Shorts at Northern Dynasty Minerals Limited (NYSEMKT:NAK) Raised By 8.68%

July 17, 2017 - By wolcottdaily

Northern Dynasty Minerals Limited (NYSEMKT:NAK) had an increase of 8.68% in short interest. NAK’s SI was 24.97M shares in July as released by FINRA. Its up 8.68% from 22.98 million shares previously. With 4.23 million avg volume, 6 days are for Northern Dynasty Minerals Limited (NYSEMKT:NAK)’s short sellers to cover NAK’s short positions. The SI to Northern Dynasty Minerals Limited’s float is 9.52%. The stock increased 6.43% or $0.09 during the last trading session, reaching $1.49. About shares traded. Northern Dynasty Minerals Ltd (NYSEMKT:NAK) has risen 412.30% since July 17, 2016 and is uptrending. It has outperformed by 395.60% the S&P500.

Orinda Asset Management Llc decreased New York Reit Inc (NYRT) stake by 87.03% reported in 2016Q4 SEC filing. Orinda Asset Management Llc sold 82,181 shares as New York Reit Inc (NYRT)’s stock declined 12.85%. The Orinda Asset Management Llc holds 12,250 shares with $124,000 value, down from 94,431 last quarter. New York Reit Inc now has $1.45B valuation. It closed at $8.61 lastly. It is down 9.21% since July 17, 2016 and is downtrending. It has underperformed by 25.91% the S&P500.

Analysts await New York REIT Inc (NYSE:NYRT) to report earnings on August, 8. They expect $0.10 EPS, 0.00% or $0.00 from last year’s $0.1 per share. NYRT’s profit will be $16.84 million for 21.53 P/E if the $0.10 EPS becomes a reality.

Among 4 analysts covering New York REIT (NYSE:NYRT), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. New York REIT had 6 analyst reports since October 9, 2015 according to SRatingsIntel. The rating was initiated by Compass Point with “Buy” on Friday, October 30. Compass Point initiated it with “Buy” rating and $12 target in Thursday, June 30 report. The stock of New York REIT Inc (NYSE:NYRT) has “Buy” rating given on Monday, November 16 by Evercore. The firm has “Mkt Outperform” rating given on Friday, October 9 by JMP Securities.

Northern Dynasty Minerals Ltd. is a mineral exploration company. The company has market cap of $472.27 million. The Company, through its subsidiaries, holds interest in mining claims on State of Alaska land in southwest Alaska, the United States, which are part of the Pebble Copper-Gold-Molybdenum Project . It currently has negative earnings. The Pebble Project is located in southwest Alaska, approximately 20 miles from the villages of Iliamna and Newhalen, and over 200 miles (approximately 320 kilometers) southwest of the city of Anchorage.

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