Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY – Get Free Report) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 129,830 shares, an increase of 168.1% from the September 15th total of 48,430 shares. Based on an average daily volume of 351,589 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.
Impala Platinum Price Performance
OTCMKTS IMPUY traded down $0.59 during trading hours on Wednesday, reaching $10.84. 90,458 shares of the company’s stock were exchanged, compared to its average volume of 251,150. The firm has a fifty day moving average of $13.34 and a 200-day moving average of $13.20. Impala Platinum has a one year low of $10.04 and a one year high of $23.50. The company has a quick ratio of 2.09, a current ratio of 3.76 and a debt-to-equity ratio of 0.01.
Wall Street Analysts Forecast Growth
Separately, Zacks Research downgraded shares of Impala Platinum from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 6th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.00.
Impala Platinum Company Profile
Impala Platinum Holdings Limited, commonly known as Implats, is a South Africa-based mining and metals company focused on the exploration, extraction, processing, refining and marketing of platinum group metals (PGMs). Its principal products include platinum, palladium and rhodium, along with associated metals such as nickel, copper and cobalt.
The company operates a portfolio of mines and processing facilities in southern Africa and Canada. Its assets include Impala Rustenburg and Marula in South Africa, Zimplats in Zimbabwe and Impala Canada’s Lac des Iles operation in Ontario.
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