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

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

NioCorp Developments Price Performance

Shares of NioCorp Developments stock traded up $0.02 on Thursday, reaching $0.24. The company had a trading volume of 1,819 shares, compared to its average volume of 21,832. NioCorp Developments has a 52-week low of $0.08 and a 52-week high of $0.54. The firm’s 50 day moving average price is $0.16 and its two-hundred day moving average price is $0.13.

About NioCorp Developments

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.