Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Short Interest Update

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 13,169 shares, a decrease of 59.8% from the July 30th total of 32,725 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 169,757 shares, the days-to-cover ratio is presently 0.1 days.

Impala Platinum Price Performance

Shares of OTCMKTS:IMPUY opened at $14.36 on Friday. The firm’s 50 day simple moving average is $11.78 and its 200-day simple moving average is $14.08. Impala Platinum has a one year low of $8.79 and a one year high of $23.50. The company has a quick ratio of 1.36, a current ratio of 2.93 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Impala Platinum from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.