NioCorp Developments Ltd. (NASDAQ:NIOBW – Get Free Report) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 4,337 shares, a growth of 236.7% from the June 30th total of 1,288 shares. Based on an average trading volume of 13,652 shares, the short-interest ratio is presently 0.3 days.
NioCorp Developments Trading Down 10.9%
NASDAQ NIOBW traded down $0.12 during trading hours on Tuesday, reaching $1.02. 3,453 shares of the stock traded hands, compared to its average volume of 22,277. The stock has a 50 day simple moving average of $1.55 and a two-hundred day simple moving average of $1.91. NioCorp Developments has a 1 year low of $0.62 and a 1 year high of $6.09.
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.
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