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

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 25,000 shares, an increase of 152.5% from the February 28th total of 9,900 shares. Based on an average daily trading volume, of 23,600 shares, the days-to-cover ratio is currently 1.1 days.

NioCorp Developments Price Performance

NASDAQ NIOBW traded down $0.02 on Friday, reaching $0.24. The company’s stock had a trading volume of 11,834 shares, compared to its average volume of 21,921. NioCorp Developments has a twelve month low of $0.08 and a twelve month high of $0.54. The firm’s 50 day moving average is $0.17 and its two-hundred day moving average is $0.14.

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.