Check out the recent Short list report.  This is concerning but I think that all NGD needs is the price of gold to spike in order to put a little fear into the shorts.  If they begin to cover for that reason, there could be a nice jump in NGD's share price from here.  The price of Gold is up this morning and so is NGD along with other gold stocks.  If you are bullish on the price of gold getting back over $1400/oz, NGD is a good buy at these levels in my opinion.  I bought some yesterday, taking advantage of the drop in the POG.

 

Largest Short Positions at 2013.05.31
Company Security Symbol 2013.05.31 2013.05.15 Net Change
Lundin Mining Corp com LUN 69,734,990 68,913,359 821,631
Manulife Financial Corp com MFC 63,949,650 56,557,247 7,392,403
Bombardier Inc cl B BBD.B 62,982,485 65,772,853 -2,790,368
New Gold Inc com NGD 53,987,769 51,026,149 2,961,620
Osisko Mining Corp com OSK 42,806,554 43,053,287 -246,733
Celestica Inc com CLS 40,551,643 37,691,769 2,859,874
CGI Group Inc cl A GIB.A 38,528,861 35,909,486 2,619,375
Eldorado Gold Corp com ELD 35,508,970 33,163,527 2,345,443
Legacy Oil + Gas Inc com LEG 35,033,792 31,838,854 3,194,938
iShares S&P/TSX 60 Index index unit XIU 31,894,652 38,091,862 -6,197,210
Turquoise Hill Res Ltd com TRQ 31,096,458 27,089,245 4,007,213
Athabasca Oil Corp com ATH 30,873,562 30,692,770 180,792
Kinross Gold Corp com K 30,772,786 48,976,154 -18,203,368
Enbridge Inc com ENB 29,202,009 27,931,470 1,270,539
First Quantum Mnrls Ltd com FM 29,185,661 27,107,633 2,078,028
Husky Energy Inc com HSE 27,929,213 23,816,542 4,112,671
Great-West Lifeco Inc com GWO 26,528,781 26,681,890 -153,109
Encana Corp com ECA 26,161,842 37,816,761 -11,654,919
Royal Bank of Canada com RY 26,060,316 30,674,262 -4,613,946
Thomson Reuters Corp com TRI 25,455,520 19,340,241 6,115,279