Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Short Interest Down 66.1% in May

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 14,091 shares, a drop of 66.1% from the May 14th total of 41,597 shares. Based on an average daily volume of 241,196 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Impala Platinum Trading Up 2.9%

OTCMKTS:IMPUY traded up $0.34 on Friday, hitting $12.07. 119,634 shares of the company’s stock traded hands, compared to its average volume of 310,031. The firm has a 50-day moving average price of $14.52 and a 200-day moving average price of $15.74. Impala Platinum has a 1 year low of $8.01 and a 1 year high of $23.50.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Impala Platinum from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Impala Platinum has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Impala Platinum Company Profile

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.