NioCorp Developments Ltd. (NASDAQ:NIOBW) Sees Significant Growth in Short Interest

NioCorp Developments Ltd. (NASDAQ:NIOBW) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 18,700 shares, a growth of 9,250.0% from the August 31st total of 200 shares. Based on an average trading volume of 39,800 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 39,800 shares, the days-to-cover ratio is presently 0.5 days.

NioCorp Developments Trading Down 0.5%

NASDAQ:NIOBW opened at $1.83 on Thursday. The business’s 50-day simple moving average is $1.01 and its 200-day simple moving average is $0.63. NioCorp Developments has a fifty-two week low of $0.08 and a fifty-two week high of $1.89.

About NioCorp Developments

NioCorp Developments Ltd. engages in the exploration and development of mineral deposits in North America. It owns and develops the Elk Creek niobium/scandium/titanium project that owns one 226.43-acre parcel of land and associated mineral rights, and an additional 40 acres of mineral rights, as well as an optioned land package that covers an area of 1,396 acres located in Johnson County, southeast Nebraska.