Short Interest in NioCorp Developments Ltd. (NASDAQ:NIOBW) Grows By 160.0%

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 520 shares, an increase of 160.0% from the February 26th total of 200 shares. Based on an average daily volume of 16,847 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 16,847 shares, the short-interest ratio is currently 0.0 days.

NioCorp Developments Trading Up 13.0%

Shares of NIOBW traded up $0.21 during midday trading on Wednesday, hitting $1.82. The company’s stock had a trading volume of 3,480 shares, compared to its average volume of 31,172. NioCorp Developments has a one year low of $0.16 and a one year high of $6.09. The company’s fifty day simple moving average is $2.26 and its two-hundred day simple moving average is $2.25.

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.