Short Interest in Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Rises By 158.8%

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 34,078 shares, a growth of 158.8% from the August 15th total of 13,169 shares. Based on an average daily volume of 392,652 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Impala Platinum Price Performance

Shares of OTCMKTS IMPUY opened at $14.21 on Tuesday. The stock has a fifty day moving average price of $12.68 and a two-hundred day moving average price of $13.81. Impala Platinum has a 1 year low of $10.04 and a 1 year high of $23.50. The company has a quick ratio of 1.36, a current ratio of 2.93 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Impala Platinum from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

About Impala Platinum

Impala Platinum Holdings Limited, commonly known as Implats, is a South African mining and metals group focused on the exploration, mining, processing, refining and marketing of platinum group metals (PGMs). Its principal products include platinum, palladium and rhodium, along with associated metals such as nickel, copper, cobalt and gold.

The company operates through a portfolio of underground and open-pit mines, concentrators, smelters and refineries. Its major operations are located in South Africa and Zimbabwe, including the Impala Rustenburg and Impala Bafokeng operations in the North West province, Marula and Two Rivers in Limpopo, and Zimplats and Mimosa in Zimbabwe.