Are Short Sellers On to Something at North American Palladium Ltd (PAL)?

Those factors can only bolster the profit potential of North American Palladium and its primary rival, Stillwater Mining Company (NYSE:SWC), whose reserves are located in North America.

Up, up, and away!
With demand growing, supplies worsening, and fears over scarcity all conspiring to push prices higher, North American Palladium has already gained more than 50% since I forecast a turnaround in December, and I don’t see the run ending yet. Because Stillwater has diversified its operations heavily into copper and other metals, NAP is the real pure play here. It’s expanding its operations to further reduce its cash costs per ounce — actions that should drop right to the bottom line — and is part of the reason I believe there’s more ground to make up in the months ahead.

Don’t sell yourself short
Share your views below on whether short sellers should be squeezed till it hurts, or if the stock ought to be shorted till the sun doesn’t shine.

The article Are Short Sellers On to Something at North American Palladium? originally appeared on Fool.com and is written by Rich Duprey.

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned.

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