NioCorp Developments Ltd. (NASDAQ:NIOBW) Short Interest Update

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 51,300 shares, a growth of 525.6% from the September 30th total of 8,200 shares. Based on an average daily trading volume, of 25,000 shares, the days-to-cover ratio is presently 2.1 days.

NioCorp Developments Stock Performance

NASDAQ NIOBW traded up $0.01 during trading hours on Friday, hitting $0.15. 650 shares of the company’s stock were exchanged, compared to its average volume of 14,096. The business’s 50 day moving average is $0.12 and its 200-day moving average is $0.24. NioCorp Developments has a 12-month low of $0.08 and a 12-month high of $0.66.

About NioCorp Developments

NioCorp Developments Ltd. engages in the exploration and development of mineral deposits in North America. It owns and develops the Elk Creek niobium/scandium/titanium project that owns one 226.43-acre parcel of land and associated mineral rights, and an additional 40 acres of mineral rights, as well as an optioned land package that covers an area of 1,396 acres located in Johnson County, southeast Nebraska.