Northam Platinum Holdings Limited (OTCMKTS:NPTLF – Get Free Report) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 24,863 shares, a decrease of 61.3% from the August 15th total of 64,233 shares. Based on an average daily volume of 418 shares, the short-interest ratio is presently 59.5 days.
Northam Platinum Trading Up 1.6%
Shares of OTCMKTS NPTLF traded up $0.32 during midday trading on Friday, hitting $19.98. The company’s stock had a trading volume of 200 shares, compared to its average volume of 715. The firm’s fifty day moving average price is $18.47 and its 200-day moving average price is $20.84. Northam Platinum has a 1-year low of $13.44 and a 1-year high of $28.95.
About Northam Platinum
Northam Platinum (OTCMKTS:NPTLF) is a South African precious metals mining company focused on the exploration, extraction and processing of platinum group metals (PGMs). Its principal products include platinum, palladium, rhodium and gold, which are sold into global markets for use in automotive catalysts, industrial applications and jewellery manufacturing. The company’s integrated business model spans mining, smelting, base metal removal (BMR) and refining, allowing it to capture value throughout the production chain.
The company’s core operations are located on the Bushveld Complex in South Africa’s North West and Mpumalanga provinces.
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