While this happened, Jefferies downgraded its Nordic American Tankers Ltd [NAT] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early September from “a Hold” to “a Buy”. Jefferies began covering NAT with “Hold” recommendation on July 21, 2022.
Price Performance Review of NAT
On Tuesday, Nordic American Tankers Ltd [NYSE:NAT] saw its stock jump 7.09% to $2.72. Over the last five days, the stock has gained 11.02%. Nordic American Tankers Ltd shares have risen nearly 8.80% since the year began. Nevertheless, the stocks have fallen -40.35% over the past one year. While a 52-week high of $4.64 was reached on 01/07/25, a 52-week low of $2.41 was recorded on 01/03/25. SMA at 50 days reached $2.84, while 200 days put it at $3.57.
Levels Of Support And Resistance For NAT Stock
The 24-hour chart illustrates a support level at 2.64, which if violated will result in even more drops to 2.56. On the upside, there is a resistance level at 2.77. A further resistance level may holdings at 2.82. The Relative Strength Index (RSI) on the 14-day chart is 56.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.06%. Stochastics %K at 66.29% indicates the stock is a holding.
How much short interest is there in Nordic American Tankers Ltd?
A steep rise in short interest was recorded in Nordic American Tankers Ltd stocks on 2024-11-15, growing by 2.8 million shares to a total of 9.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.94 million shares. There was a rise of 28.78%, which implies that there is a positive sentiment for the stock.
