Short Interest in NioCorp Developments Ltd. (NASDAQ:NIOBW) Rises By 15.6%

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the target of a significant increase in short interest in the month of November. As of November 30th, there was short interest totalling 44,500 shares, an increase of 15.6% from the November 15th total of 38,500 shares. Based on an average daily trading volume, of 26,000 shares, the short-interest ratio is currently 1.7 days.

NioCorp Developments Stock Down 12.7 %

NIOBW traded down $0.01 during midday trading on Friday, reaching $0.10. 116,618 shares of the company’s stock were exchanged, compared to its average volume of 16,156. The business has a 50-day simple moving average of $0.13 and a two-hundred day simple moving average of $0.16. NioCorp Developments has a one year low of $0.08 and a one year high of $0.64.

NioCorp Developments Company Profile

NioCorp Developments Ltd. engages in the exploration and development of mineral deposits in North America. It owns and develops the Elk Creek niobium/scandium/titanium project that owns one 226.43-acre parcel of land and associated mineral rights, and an additional 40 acres of mineral rights, as well as an optioned land package that covers an area of 1,396 acres located in Johnson County, southeast Nebraska.