NioCorp Developments Ltd. (NASDAQ:NIOBW) Short Interest Update
by Sarita Garza · The Markets DailyNioCorp Developments Ltd. (NASDAQ:NIOBW – Get Free Report) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 255 shares, a decline of 94.2% from the May 31st total of 4,373 shares. Based on an average daily volume of 15,822 shares, the short-interest ratio is presently 0.0 days.
NioCorp Developments Price Performance
NIOBW traded down $0.10 during trading hours on Friday, reaching $1.35. 21,920 shares of the stock traded hands, compared to its average volume of 24,271. The firm’s fifty day simple moving average is $1.82 and its two-hundred day simple moving average is $2.01. NioCorp Developments has a fifty-two week low of $0.42 and a fifty-two week high of $6.09.
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.