Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Shares Shorted: Short Interest Down 66.9% in October

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 42,912 shares, a drop of 66.9% from the September 30th total of 129,830 shares. Based on an average daily trading volume, of 298,589 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Impala Platinum Stock Down 6.4%

Impala Platinum stock traded down $0.67 during midday trading on Friday, hitting $9.79. 292,144 shares of the stock were exchanged, compared to its average volume of 166,952. Impala Platinum has a 1 year low of $9.62 and a 1 year high of $23.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.09 and a current ratio of 3.76. The company has a 50 day moving average price of $12.69 and a two-hundred day moving average price of $14.23.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Impala Platinum from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $23.00.

Impala Platinum Company Profile

Impala Platinum Holdings Limited, commonly known as Implats, is a South African mining and metals company focused on the exploration, extraction, 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 and cobalt.

The company operates an integrated mining and processing business with assets in South Africa, Zimbabwe and Canada. Its portfolio includes the Impala Rustenburg and Marula operations in South Africa, the Mimosa and Zimplats operations in Zimbabwe, and the Impala Canada operation, which produces PGMs from the Lac des Iles mine in Ontario.