Short Interest in NioCorp Developments Ltd. (NASDAQ:NIOBW) Grows By 199.2%

by · The Markets Daily

NioCorp Developments Ltd. (NASDAQ:NIOBW – Get Free Report) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 1,762 shares, a growth of 199.2% from the December 31st total of 589 shares. Based on an average daily volume of 50,262 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 50,262 shares, the days-to-cover ratio is currently 0.0 days.

NioCorp Developments Stock Down 12.1%

NioCorp Developments stock opened at $2.40 on Friday. NioCorp Developments has a one year low of $0.08 and a one year high of $6.09. The business’s fifty day moving average is $2.32 and its 200 day moving average is $1.92.

About NioCorp Developments

(Get Free Report)

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.

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