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

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totaling 200 shares, a decline of 61.5% from the March 15th total of 520 shares. Based on an average daily volume of 6,628 shares, the short-interest ratio is presently 0.0 days.

NioCorp Developments Trading Up 1.3%

NASDAQ NIOBW traded up $0.02 during trading hours on Monday, reaching $1.62. 49,980 shares of the company’s stock traded hands, compared to its average volume of 28,539. NioCorp Developments has a 52-week low of $0.16 and a 52-week high of $6.09. The firm has a 50-day simple moving average of $1.93 and a 200 day simple moving average of $2.30.

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.