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

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 4,373 shares, a growth of 128.6% from the May 14th total of 1,913 shares. Based on an average daily volume of 4,200 shares, the short-interest ratio is presently 1.0 days.

NioCorp Developments Trading Up 0.6%

Shares of NASDAQ NIOBW opened at $1.80 on Friday. NioCorp Developments has a 1 year low of $0.41 and a 1 year high of $6.09. The company’s 50-day moving average is $1.81 and its 200 day moving average is $2.05.

About NioCorp Developments

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.