Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Short Interest Down 66.1% in May

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 14,091 shares, a decrease of 66.1% from the May 14th total of 41,597 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 241,196 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Zacks Research lowered shares of Impala Platinum from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Impala Platinum Stock Down 5.7%

Shares of IMPUY opened at $10.71 on Thursday. The company has a 50-day simple moving average of $14.63 and a 200-day simple moving average of $15.76. Impala Platinum has a 52 week low of $8.01 and a 52 week high of $23.50.

Impala Platinum Company Profile

Impala Platinum (OTCMKTS:IMPUY) is the U.S. American Depositary Receipt program for Impala Platinum Holdings Limited, a South African mining group specializing in the extraction, processing and marketing of platinum group metals (PGMs). Headquartered in Johannesburg, the company’s core products include platinum, palladium, rhodium, ruthenium and iridium, with byproducts such as nickel and gold. Impala Platinum’s integrated operations span the full value chain from underground and surface mining to smelting and refining.

The company’s principal mining assets are located on the Bushveld Complex in South Africa and at the Zimplats operations in Zimbabwe.