NioCorp Developments Ltd. (NASDAQ:NIOBW) Short Interest Update

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 4,337 shares, a growth of 236.7% from the June 30th total of 1,288 shares. Based on an average daily volume of 13,652 shares, the short-interest ratio is currently 0.3 days.

NioCorp Developments Stock Performance

Shares of NASDAQ NIOBW traded up $0.01 during trading hours on Monday, hitting $1.15. 1,509 shares of the company traded hands, compared to its average volume of 22,411. The company’s 50 day moving average price is $1.55 and its 200 day moving average price is $1.91. NioCorp Developments has a 12 month low of $0.62 and a 12 month high of $6.09.

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.