Northam Platinum Holdings Limited (OTCMKTS:NPTLF – Get Free Report) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 3,893 shares, a drop of 36.1% from the April 15th total of 6,097 shares. Based on an average daily trading volume, of 651 shares, the days-to-cover ratio is currently 6.0 days.
Northam Platinum Price Performance
Shares of NPTLF remained flat at $24.00 during trading hours on Monday. The business has a 50 day moving average price of $20.40 and a 200-day moving average price of $20.13. Northam Platinum has a twelve month low of $13.66 and a twelve month high of $28.95.
About Northam Platinum
Northam Platinum (OTCMKTS:NPTLF) is a South African precious metals mining company focused on the exploration, extraction and processing of platinum group metals (PGMs). Its principal products include platinum, palladium, rhodium and gold, which are sold into global markets for use in automotive catalysts, industrial applications and jewellery manufacturing. The company’s integrated business model spans mining, smelting, base metal removal (BMR) and refining, allowing it to capture value throughout the production chain.
The company’s core operations are located on the Bushveld Complex in South Africa’s North West and Mpumalanga provinces.
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