Short Interest in Northam Platinum Holdings Limited (OTCMKTS:NPTLF) Decreases By 36.1%

Northam Platinum Holdings Limited (OTCMKTS:NPTLF) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 3,893 shares, a decline of 36.1% from the April 15th total of 6,097 shares. Based on an average daily volume of 651 shares, the days-to-cover ratio is currently 6.0 days.

Northam Platinum Price Performance

OTCMKTS:NPTLF remained flat at $24.00 during trading hours on Tuesday. The firm has a fifty day simple moving average of $20.40 and a 200-day simple moving average of $20.20. Northam Platinum has a 1-year low of $13.66 and a 1-year high of $28.95.

Northam Platinum Company Profile

Northam Platinum (OTCMKTS:NPTLF) is a South African precious metals mining company focused on the exploration, extraction and processing of platinum group metals (PGMs). Its principal products include platinum, palladium, rhodium and gold, which are sold into global markets for use in automotive catalysts, industrial applications and jewellery manufacturing. The company’s integrated business model spans mining, smelting, base metal removal (BMR) and refining, allowing it to capture value throughout the production chain.

The company’s core operations are located on the Bushveld Complex in South Africa’s North West and Mpumalanga provinces.