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

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

NioCorp Developments Price Performance

NASDAQ:NIOBW traded up $0.04 during trading hours on Monday, hitting $0.14. 3,900 shares of the company’s stock traded hands, compared to its average volume of 16,099. NioCorp Developments has a 52 week low of $0.08 and a 52 week high of $0.64. The business’s fifty day simple moving average is $0.13 and its two-hundred day simple moving average is $0.16.

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.