Northern Dynasty Minerals (NAK) Short Interest
NYSE: NAKBasic MaterialsPrecious MetalsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Latest short interest · Sep 15, 2026
- Shares short
- 25.91M
- Change vs prior
- +19.7%
- Days to cover
- 6.35
- Avg. daily volume
- 4.08M
- Prior report
- 21.64M
Northern Dynasty Minerals short interest analysis
As of the Sep 15, 2026 settlement date, 25,913,589 NAK shares were sold short, equal to 4.61% of Northern Dynasty Minerals's shares outstanding. That is up 19.7% from the previous report of 21.64M shares. With average daily volume of 4.08M shares, it would take about 6.3 trading days for short sellers to buy back their positions, which is elevated by typical standards.
The highest reading in the period shown was 31.13M shares on Apr 15, 2026.
Summary generated from market data by MetaCap's automated system. Methodology
NAK short interest history
| Settlement | Short Interest | Change | % Shares Out. | Days to Cover |
|---|---|---|---|---|
| Sep 15, 2026 | 25,913,589 | +19.7% | 4.61% | 6.35 |
| Aug 31, 2026 | 21,642,049 | +0.3% | 3.85% | 6.49 |
| Aug 14, 2026 | 21,582,979 | +1.9% | 3.84% | 5.93 |
| Jul 31, 2026 | 21,178,472 | +18.9% | 3.77% | 4.56 |
| Jul 15, 2026 | 17,818,508 | +1.9% | 3.17% | 3.14 |
| Jun 30, 2026 | 17,488,424 | -18.8% | 3.11% | 1.98 |
| Jun 15, 2026 | 21,535,988 | -11.9% | 3.83% | 2.87 |
| May 29, 2026 | 24,449,555 | -4.5% | 4.35% | 3.68 |
| May 15, 2026 | 25,598,515 | +0.0% | 4.55% | 3.59 |
| Apr 30, 2026 | 25,592,102 | -17.8% | 4.55% | 2.80 |
| Apr 15, 2026 | 31,126,488 | +5.3% | 5.54% | 3.00 |
| Mar 31, 2026 | 29,566,305 | +17.4% | 5.26% | 3.76 |
Days to cover = shares short ÷ average daily volume. Short percent uses total shares outstanding as the denominator, which is slightly lower than a float-based figure.
Frequently asked questions
What is Northern Dynasty Minerals's short interest?
NAK short interest was 25,913,589 shares as of Sep 15, 2026, or 4.61% of shares outstanding, up 19.7% from the prior report.
What is NAK's days to cover?
NAK's days-to-cover (short interest ratio) is 6.35, meaning short sellers would need about 6.3 days of average trading volume to close their positions.
How often is short interest reported?
FINRA requires brokers to report short positions twice a month, as of mid-month and month-end settlement dates. The data is published about a week and a half after each settlement date, so it is always somewhat delayed.
Is high short interest bullish or bearish?
High short interest shows that many investors expect the price to fall, which is a bearish signal. It can also set up a short squeeze if the stock rises and short sellers rush to buy back shares. Neither outcome is guaranteed.