Short Interest in NioCorp Developments Ltd. (NASDAQ:NIOBW) Decreases By 54.6%

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 200 shares, a drop of 54.6% from the February 12th total of 441 shares. Based on an average trading volume of 17,074 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 17,074 shares, the short-interest ratio is presently 0.0 days.

NioCorp Developments Stock Performance

NASDAQ:NIOBW traded down $0.16 on Thursday, hitting $1.64. 7,489 shares of the stock were exchanged, compared to its average volume of 35,827. NioCorp Developments has a 52 week low of $0.14 and a 52 week high of $6.09. The company’s 50-day moving average price is $2.39 and its 200 day moving average price is $2.19.

NioCorp Developments Company Profile

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.