NioCorp Developments Ltd. (NASDAQ:NIOBW) Sees Large Increase in Short Interest

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 5,809 shares, a growth of 77.2% from the November 30th total of 3,279 shares. Based on an average trading volume of 29,650 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 29,650 shares, the days-to-cover ratio is presently 0.2 days.

NioCorp Developments Price Performance

NIOBW traded down $0.16 during midday trading on Monday, hitting $1.86. 9,509 shares of the company’s stock traded hands, compared to its average volume of 58,740. The stock’s fifty day simple moving average is $2.29 and its 200-day simple moving average is $1.57. NioCorp Developments has a one year low of $0.08 and a one year high of $6.09.

About NioCorp Developments

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.