Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Sees Large Increase in Short Interest

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 34,078 shares, an increase of 158.8% from the August 15th total of 13,169 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 392,652 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Zacks Research raised Impala Platinum from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Impala Platinum presently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Impala Platinum Trading Down 4.7%

IMPUY stock traded down $0.70 during trading hours on Monday, hitting $14.15. The company’s stock had a trading volume of 51,465 shares, compared to its average volume of 262,475. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.36 and a current ratio of 2.93. Impala Platinum has a 12 month low of $10.04 and a 12 month high of $23.50. The stock has a 50 day moving average price of $12.62 and a two-hundred day moving average price of $13.84.

Impala Platinum Company Profile

Impala Platinum Holdings Limited, commonly known as Implats, is a South African mining and metals group focused on the exploration, mining, processing, refining and marketing of platinum group metals (PGMs). Its principal products include platinum, palladium and rhodium, along with associated metals such as nickel, copper, cobalt and gold.

The company operates through a portfolio of underground and open-pit mines, concentrators, smelters and refineries. Its major operations are located in South Africa and Zimbabwe, including the Impala Rustenburg and Impala Bafokeng operations in the North West province, Marula and Two Rivers in Limpopo, and Zimplats and Mimosa in Zimbabwe.