NioCorp Developments Ltd. (NASDAQ:NIOBW) Short Interest Up 77.2% in December

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 5,809 shares, a growth of 77.2% from the November 30th total of 3,279 shares. Based on an average trading volume of 29,650 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 29,650 shares, the short-interest ratio is presently 0.2 days.

NioCorp Developments Stock Performance

Shares of NIOBW opened at $1.99 on Friday. NioCorp Developments has a 1 year low of $0.08 and a 1 year high of $6.09. The stock’s fifty day moving average price is $2.29 and its two-hundred day moving average price is $1.56.

NioCorp Developments Company Profile

NioCorp Developments Ltd. (NASDAQ:NIOBW) is a mineral development company focused on the exploration and advancement of critical minerals essential to modern industry. The company’s flagship asset, the Elk Creek Project in southeast Nebraska, hosts one of the largest known niobium resources in North America. NioCorp is working to secure permits and complete engineering studies to transition Elk Creek from exploration to production.

At Elk Creek, NioCorp aims to produce high-purity ferroniobium for the steel and aerospace sectors, scandium oxide for advanced aluminum alloys, and titanium dioxide for pigment and metal applications.