NioCorp Developments Ltd. (NASDAQ:NIOBW) Sees Large Increase in Short Interest

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,762 shares, an increase of 199.2% from the December 31st total of 589 shares. Based on an average trading volume of 50,262 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 50,262 shares, the short-interest ratio is presently 0.0 days.

NioCorp Developments Stock Performance

NioCorp Developments stock traded down $0.33 during trading hours on Friday, reaching $2.40. 34,063 shares of the company’s stock traded hands, compared to its average volume of 54,108. NioCorp Developments has a fifty-two week low of $0.08 and a fifty-two week high of $6.09. The firm’s 50 day moving average is $2.32 and its 200-day moving average is $1.92.

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.