NioCorp Developments Ltd. (NASDAQ:NIOBW) Short Interest Up 77.2% in December

NioCorp Developments Ltd. (NASDAQ:NIOBW) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 5,809 shares, an increase of 77.2% from the November 30th total of 3,279 shares. Based on an average trading volume of 29,650 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 29,650 shares, the days-to-cover ratio is presently 0.2 days.

NioCorp Developments Trading Down 11.8%

NIOBW opened at $1.68 on Tuesday. NioCorp Developments has a 1-year low of $0.08 and a 1-year high of $6.09. The company has a 50 day simple moving average of $2.25 and a two-hundred day simple moving average of $1.58.

About NioCorp Developments

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.