NioCorp Developments Ltd. (NASDAQ:NIOBW) Sees Large Decline in Short Interest

NioCorp Developments Ltd. (NASDAQ:NIOBW) saw a significant decline in short interest in June. As of June 15th, there was short interest totalling 4,800 shares, a decline of 73.5% from the May 31st total of 18,100 shares. Based on an average daily volume of 7,800 shares, the days-to-cover ratio is currently 0.6 days.

NioCorp Developments Stock Down 3.8 %

NASDAQ:NIOBW traded down $0.01 during trading hours on Thursday, reaching $0.25. 5,301 shares of the company traded hands, compared to its average volume of 7,332. The business’s 50-day moving average price is $0.39 and its two-hundred day moving average price is $0.42. NioCorp Developments has a 1 year low of $0.25 and a 1 year high of $0.74.

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.