Northam Platinum Holdings Limited (OTCMKTS:NPTLF – Get Free Report) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 42,580 shares, an increase of 74.0% from the July 15th total of 24,474 shares. Based on an average trading volume of 52 shares, the days-to-cover ratio is currently 818.8 days.
Northam Platinum Price Performance
OTCMKTS NPTLF remained flat at $16.06 during trading on Monday. 100 shares of the company’s stock traded hands, compared to its average volume of 742. Northam Platinum has a 1-year low of $13.44 and a 1-year high of $28.95. The business’s 50-day simple moving average is $20.80 and its 200 day simple moving average is $21.87.
About Northam Platinum
Northam Platinum (OTCMKTS:NPTLF) is a South African precious metals mining company focused on the exploration, extraction and processing of platinum group metals (PGMs). Its principal products include platinum, palladium, rhodium and gold, which are sold into global markets for use in automotive catalysts, industrial applications and jewellery manufacturing. The company’s integrated business model spans mining, smelting, base metal removal (BMR) and refining, allowing it to capture value throughout the production chain.
The company’s core operations are located on the Bushveld Complex in South Africa’s North West and Mpumalanga provinces.
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