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

NioCorp Developments Ltd. (NASDAQ:NIOBW) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 4,373 shares, an increase of 128.6% from the May 14th total of 1,913 shares. Based on an average daily volume of 4,200 shares, the short-interest ratio is currently 1.0 days.

NioCorp Developments Trading Up 0.6%

NIOBW opened at $1.80 on Friday. The stock has a fifty day simple moving average of $1.81 and a two-hundred day simple moving average of $2.05. NioCorp Developments has a 12-month low of $0.41 and a 12-month 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.