NioCorp Developments Ltd. (NASDAQ:NIOBW) Short Interest Update

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 2,700 shares, an increase of 1,025.0% from the July 30th total of 240 shares. Based on an average trading volume of 4,809 shares, the short-interest ratio is presently 0.6 days.

NioCorp Developments Stock Up 1.2%

Shares of NASDAQ:NIOBW traded up $0.01 during mid-day trading on Tuesday, hitting $1.25. The stock had a trading volume of 2,919 shares, compared to its average volume of 20,141. NioCorp Developments has a 12-month low of $0.78 and a 12-month high of $6.09. The company’s 50 day moving average is $1.40 and its 200-day moving average is $1.70.

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.