NioCorp Developments Ltd. (NASDAQ:NIOBW) Sees Significant Increase in Short Interest

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 4,337 shares, an increase of 236.7% from the June 30th total of 1,288 shares. Based on an average trading volume of 13,652 shares, the short-interest ratio is presently 0.3 days.

NioCorp Developments Trading Down 12.3%

Shares of NIOBW stock traded down $0.16 on Friday, hitting $1.14. 9,514 shares of the stock traded hands, compared to its average volume of 22,562. NioCorp Developments has a twelve month low of $0.61 and a twelve month high of $6.09. The firm’s 50-day moving average price is $1.55 and its two-hundred day moving average price is $1.92.

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.