NioCorp Developments Ltd. (NASDAQ:NIOBW) Short Interest Up 1,025.0% in August

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 2,700 shares, an increase of 1,025.0% from the July 30th total of 240 shares. Based on an average daily volume of 4,809 shares, the days-to-cover ratio is presently 0.6 days.

NioCorp Developments Stock Performance

Shares of NioCorp Developments stock remained flat at $1.22 on Thursday. The company’s stock had a trading volume of 11,669 shares, compared to its average volume of 20,088. NioCorp Developments has a twelve month low of $0.78 and a twelve month high of $6.09. The company’s 50 day moving average price is $1.38 and its two-hundred day moving average price is $1.70.

NioCorp Developments Company Profile

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.