NioCorp Developments Ltd. (NASDAQ:NIOBW) Short Interest Update

NioCorp Developments Ltd. (NASDAQ:NIOBW) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 51,300 shares, an increase of 525.6% from the September 30th total of 8,200 shares. Based on an average daily volume of 25,000 shares, the days-to-cover ratio is presently 2.1 days.

NioCorp Developments Stock Performance

Shares of NioCorp Developments stock traded up $0.01 during trading hours on Friday, reaching $0.15. The stock had a trading volume of 650 shares, compared to its average volume of 14,096. The firm has a 50 day simple moving average of $0.12 and a two-hundred day simple moving average of $0.24. NioCorp Developments has a 1 year low of $0.08 and a 1 year high of $0.66.

About NioCorp Developments

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.