Impala Platinum Holdings Limited (OTCMKTS:IMPUY) Sees Large Decline in Short Interest

Impala Platinum Holdings Limited (OTCMKTS:IMPUYGet Rating) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 33,200 shares, a decrease of 67.5% from the April 30th total of 102,200 shares. Based on an average trading volume of 297,900 shares, the short-interest ratio is currently 0.1 days.

OTCMKTS:IMPUY traded down $0.15 on Thursday, hitting $12.83. The company had a trading volume of 114,164 shares, compared to its average volume of 162,097. The firm has a 50 day moving average of $13.95 and a two-hundred day moving average of $14.44. Impala Platinum has a 52 week low of $10.80 and a 52 week high of $19.10.

The firm also recently declared a dividend, which was paid on Tuesday, March 29th. Shareholders of record on Friday, March 18th were given a $0.2531 dividend. This represents a yield of 5.62%. The ex-dividend date of this dividend was Thursday, March 17th.

Separately, The Goldman Sachs Group initiated coverage on shares of Impala Platinum in a research note on Monday, May 9th. They issued a “neutral” rating for the company.

Impala Platinum Company Profile (Get Rating)

Impala Platinum Holdings Limited engages in mining, processing, refining, and marketing platinum group metals (PGMs). The company produces platinum, palladium, rhodium, cobalt, and nickel, as well as chrome. It has operations on the PGM-bearing ore bodies, including the Bushveld Complex located in South Africa; and the Great Dyke situated in Zimbabwe.

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