Short Interest in NioCorp Developments Ltd. (NASDAQ:NIOBW) Increases By 160.0%

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 520 shares, an increase of 160.0% from the February 26th total of 200 shares. Based on an average daily volume of 16,847 shares, the days-to-cover ratio is presently 0.0 days.

NioCorp Developments Stock Performance

NASDAQ NIOBW remained flat at $1.75 on Friday. 811 shares of the company’s stock traded hands, compared to its average volume of 30,673. The firm’s 50 day simple moving average is $2.22 and its 200-day simple moving average is $2.24. NioCorp Developments has a 1 year low of $0.16 and a 1 year 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.