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

NioCorp Developments Ltd. (NASDAQ:NIOBW) saw a large drop in short interest in January. As of January 15th, there was short interest totalling 10,300 shares, a drop of 65.3% from the December 31st total of 29,700 shares. Based on an average daily volume of 25,600 shares, the short-interest ratio is presently 0.4 days.

NioCorp Developments Stock Up 14.0 %

NASDAQ:NIOBW traded up $0.02 during mid-day trading on Tuesday, hitting $0.12. 6,953 shares of the company’s stock were exchanged, compared to its average volume of 41,437. NioCorp Developments has a fifty-two week low of $0.08 and a fifty-two week high of $0.54. The company has a 50 day simple moving average of $0.11 and a 200-day simple moving average of $0.12.

About NioCorp Developments

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.