Impala Platinum Holdings Limited (OTCMKTS:IMPUY) Short Interest Update

Impala Platinum Holdings Limited (OTCMKTS:IMPUY) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 12,700 shares, a growth of 149.0% from the December 15th total of 5,100 shares. Based on an average trading volume of 208,400 shares, the short-interest ratio is presently 0.1 days.

Shares of OTCMKTS:IMPUY opened at $14.65 on Friday. The company has a quick ratio of 1.91, a current ratio of 3.19 and a debt-to-equity ratio of 0.01. Impala Platinum has a 12-month low of $10.87 and a 12-month high of $21.17. The business’s 50 day moving average is $13.54 and its 200 day moving average is $14.43.

A number of equities research analysts have commented on the company. Morgan Stanley raised Impala Platinum from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, November 17th. Zacks Investment Research raised Impala Platinum from a “strong sell” rating to a “hold” rating and set a $14.00 target price on the stock in a research report on Tuesday, November 23rd.

Impala Platinum Company Profile

Impala Platinum Holdings Ltd. engages in the business of mining, refining, and marketing of platinum group metals. Its products include platinum, palladium, rhodium, ruthenium, iridium, gold, and silver as well as base metals such as nickel, copper, cobalt, and chrome. It operates through the following segments: Mining, Impala Refining Services, Chrome Processing, and Other.

Further Reading: Support Level

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