Short Interest in NioCorp Developments Ltd. (NASDAQ:NIOBW) Drops By 18.8%

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 38,500 shares, a decrease of 18.8% from the October 31st total of 47,400 shares. Based on an average daily volume of 20,700 shares, the short-interest ratio is presently 1.9 days.

NioCorp Developments Price Performance

Shares of NIOBW remained flat at $0.10 during mid-day trading on Friday. The stock had a trading volume of 21 shares, compared to its average volume of 13,921. NioCorp Developments has a 52 week low of $0.08 and a 52 week high of $0.64. The business’s fifty day moving average price is $0.13 and its 200-day moving average price is $0.18.

NioCorp Developments Company Profile

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.