Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Short Interest Down 66.1% in May

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 14,091 shares, a decrease of 66.1% from the May 14th total of 41,597 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 241,196 shares, the short-interest ratio is currently 0.1 days.

Impala Platinum Price Performance

Impala Platinum stock opened at $10.71 on Thursday. Impala Platinum has a fifty-two week low of $8.01 and a fifty-two week high of $23.50. The firm has a fifty day moving average price of $14.63 and a two-hundred day moving average price of $15.76.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Impala Platinum from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.00.

About Impala Platinum

Impala Platinum (OTCMKTS:IMPUY) is the U.S. American Depositary Receipt program for Impala Platinum Holdings Limited, a South African mining group specializing in the extraction, processing and marketing of platinum group metals (PGMs). Headquartered in Johannesburg, the company’s core products include platinum, palladium, rhodium, ruthenium and iridium, with byproducts such as nickel and gold. Impala Platinum’s integrated operations span the full value chain from underground and surface mining to smelting and refining.

The company’s principal mining assets are located on the Bushveld Complex in South Africa and at the Zimplats operations in Zimbabwe.