Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Sees Large Decrease in Short Interest

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 13,169 shares, a decrease of 59.8% from the July 30th total of 32,725 shares. Based on an average trading volume of 169,757 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Impala Platinum Stock Up 1.8%

IMPUY stock opened at $14.36 on Friday. Impala Platinum has a one year low of $8.79 and a one year high of $23.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.93 and a quick ratio of 1.36. The firm has a 50-day simple moving average of $11.78 and a two-hundred day simple moving average of $14.08.

Analyst Upgrades and Downgrades

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