Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Sees Large Growth in Short Interest

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totaling 129,830 shares, a growth of 168.1% from the September 15th total of 48,430 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 351,589 shares, the days-to-cover ratio is currently 0.4 days.

Impala Platinum Trading Down 0.7%

Shares of IMPUY opened at $11.15 on Tuesday. The company has a quick ratio of 2.09, a current ratio of 3.76 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average price of $13.35 and a 200-day moving average price of $13.22. Impala Platinum has a fifty-two week low of $10.04 and a fifty-two week high of $23.50.

Analyst Ratings Changes

Separately, Zacks Research lowered shares of Impala Platinum from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 6th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $23.00.

About Impala Platinum

Impala Platinum Holdings Limited, commonly known as Implats, is a South Africa-based mining and metals company focused on the exploration, extraction, processing, refining and marketing of platinum group metals (PGMs). Its principal products include platinum, palladium and rhodium, along with associated metals such as nickel, copper and cobalt.

The company operates a portfolio of mines and processing facilities in southern Africa and Canada. Its assets include Impala Rustenburg and Marula in South Africa, Zimplats in Zimbabwe and Impala Canada’s Lac des Iles operation in Ontario.