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

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 13,900 shares, a growth of 113.8% from the January 15th total of 6,500 shares. Based on an average trading volume of 31,700 shares, the short-interest ratio is currently 0.4 days.

NioCorp Developments Stock Performance

NIOBW stock traded up $0.02 during trading on Thursday, hitting $0.20. The company had a trading volume of 29,005 shares, compared to its average volume of 37,042. NioCorp Developments has a one year low of $0.08 and a one year high of $0.54. The business has a 50-day moving average of $0.11 and a 200-day moving average of $0.12.

NioCorp Developments Company Profile

NioCorp Developments Ltd. engages in the exploration and development of mineral deposits in North America. It owns and develops the Elk Creek niobium/scandium/titanium project that owns one 226.43-acre parcel of land and associated mineral rights, and an additional 40 acres of mineral rights, as well as an optioned land package that covers an area of 1,396 acres located in Johnson County, southeast Nebraska.