Short Interest in Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Drops By 40.6%

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 41,597 shares, a decrease of 40.6% from the April 30th total of 70,036 shares. Based on an average trading volume of 318,230 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Impala Platinum Price Performance

Shares of OTCMKTS IMPUY opened at $13.32 on Thursday. The business’s 50 day moving average price is $14.80 and its two-hundred day moving average price is $15.73. Impala Platinum has a twelve month low of $7.20 and a twelve month high of $23.50.

Analysts Set New Price Targets

Separately, Zacks Research lowered Impala Platinum from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Impala Platinum presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

About Impala Platinum

Impala Platinum (OTCMKTS:IMPUY) is the U.S. American Depositary Receipt program for Impala Platinum Holdings Limited, a South African mining group specializing in the extraction, processing and marketing of platinum group metals (PGMs). Headquartered in Johannesburg, the company’s core products include platinum, palladium, rhodium, ruthenium and iridium, with byproducts such as nickel and gold. Impala Platinum’s integrated operations span the full value chain from underground and surface mining to smelting and refining.

The company’s principal mining assets are located on the Bushveld Complex in South Africa and at the Zimplats operations in Zimbabwe.