Short Interest in Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Increases By 118.5%

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 40,096 shares, a growth of 118.5% from the June 15th total of 18,350 shares. Based on an average trading volume of 503,793 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Impala Platinum from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Impala Platinum presently has a consensus rating of “Hold” and an average target price of $23.00.

Impala Platinum Stock Performance

OTCMKTS IMPUY traded down $0.23 during trading hours on Wednesday, hitting $11.19. 35,847 shares of the company traded hands, compared to its average volume of 295,653. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.36 and a current ratio of 2.93. The business’s 50-day moving average is $12.86 and its 200-day moving average is $15.44. Impala Platinum has a twelve month low of $8.50 and a twelve month high of $23.50.

About Impala Platinum

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.