NioCorp Developments Ltd. (NASDAQ:NIOBW) Short Interest Update

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 2,700 shares, an increase of 1,025.0% from the July 30th total of 240 shares. Based on an average trading volume of 4,809 shares, the days-to-cover ratio is presently 0.6 days.

NioCorp Developments Stock Up 1.2%

Shares of NioCorp Developments stock traded up $0.01 on Tuesday, reaching $1.25. 2,919 shares of the company were exchanged, compared to its average volume of 20,141. The stock has a fifty day moving average price of $1.40 and a 200-day moving average price of $1.70. NioCorp Developments has a fifty-two week low of $0.78 and a fifty-two week high of $6.09.

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.