Neo Performance Materials Inc. (OTCMKTS:NOPMF) Sees Large Growth in Short Interest

Neo Performance Materials Inc. (OTCMKTS:NOPMF) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 173,700 shares, a growth of 19.4% from the December 31st total of 145,500 shares. Based on an average daily trading volume, of 18,500 shares, the days-to-cover ratio is presently 9.4 days.

Neo Performance Materials Stock Performance

NOPMF stock traded down $0.23 during trading on Monday, hitting $5.80. The company had a trading volume of 2,935 shares, compared to its average volume of 12,776. The business has a 50-day moving average of $5.72 and a 200-day moving average of $5.75. Neo Performance Materials has a one year low of $4.07 and a one year high of $6.75.

About Neo Performance Materials

Neo Performance Materials Inc engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets.