Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Short Interest Update

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 40,096 shares, an increase of 118.5% from the June 15th total of 18,350 shares. Based on an average trading volume of 503,793 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Impala Platinum Stock Down 2.0%

IMPUY traded down $0.23 during trading hours on Wednesday, reaching $11.19. The company’s stock had a trading volume of 35,847 shares, compared to its average volume of 295,653. The company’s 50-day moving average is $12.86 and its 200-day moving average is $15.44. Impala Platinum has a 52 week low of $8.50 and a 52 week 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 Analyst Weigh In

Separately, Zacks Research cut shares of Impala Platinum from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.