Short interest in Novagold Resources Inc (AMEX:NG) decreased during the last reporting period, falling from 9.86M to 9.49M. This put 2.88% of the company's publicly available shares short.

Short interest for Novagold Resources gives investors a sense of the degree to which investors are betting on the decline of Novagold Resources's stock. Short interest data is updated every two weeks.

Based on the recent average volume of 1.19M shares traded per day, it would take 7.97 day(s) for holders of this short interest to close out their positions without sending the stock sharply higher.