NioCorp Developments Ltd. (NASDAQ:NIOBW) Sees Large Decrease in Short Interest

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the recipient of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 441 shares, a decrease of 96.1% from the January 29th total of 11,176 shares. Based on an average daily trading volume, of 23,387 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 23,387 shares, the days-to-cover ratio is currently 0.0 days.

NioCorp Developments Price Performance

NIOBW traded up $0.10 during trading hours on Wednesday, reaching $2.06. 15,114 shares of the company’s stock traded hands, compared to its average volume of 41,663. The firm has a 50-day moving average price of $2.41 and a 200 day moving average price of $2.13. NioCorp Developments has a 52-week low of $0.08 and a 52-week 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.