NioCorp Developments Ltd. (NASDAQ:NIOBW) Sees Significant Growth in Short Interest

NioCorp Developments Ltd. (NASDAQ:NIOBW) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,633 shares, an increase of 244.6% from the April 15th total of 764 shares. Based on an average daily trading volume, of 17,877 shares, the days-to-cover ratio is presently 0.1 days.

NioCorp Developments Trading Down 2.9%

NIOBW stock traded down $0.06 during mid-day trading on Thursday, hitting $1.98. 19,656 shares of the company were exchanged, compared to its average volume of 28,743. The business has a fifty day simple moving average of $1.78 and a 200-day simple moving average of $2.13. NioCorp Developments has a 12-month low of $0.28 and a 12-month 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.