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

NioCorp Developments Ltd. (NASDAQ:NIOBW) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 10,300 shares, a decline 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 Performance

NIOBW stock traded up $0.02 on Tuesday, reaching $0.12. The company’s stock had a trading volume of 6,953 shares, compared to its average volume of 41,437. The business has a fifty day simple moving average of $0.11 and a two-hundred day simple moving average of $0.12. NioCorp Developments has a 12-month low of $0.08 and a 12-month high of $0.54.

NioCorp Developments Company Profile

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.