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

NioCorp Developments Ltd. (NASDAQ:NIOBW) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 2,700 shares, a growth of 1,025.0% from the July 30th total of 240 shares. Based on an average daily volume of 4,809 shares, the days-to-cover ratio is currently 0.6 days.

NioCorp Developments Trading Up 12.8%

NioCorp Developments stock traded up $0.16 during mid-day trading on Wednesday, hitting $1.41. 509 shares of the company traded hands, compared to its average volume of 20,019. NioCorp Developments has a one year low of $0.78 and a one year high of $6.09. The stock has a fifty day moving average price of $1.40 and a 200-day moving average price of $1.70.

About NioCorp Developments

NioCorp Developments Ltd. (NASDAQ:NIOBW) is a mineral development company focused on the exploration and advancement of critical minerals essential to modern industry. The company’s flagship asset, the Elk Creek Project in southeast Nebraska, hosts one of the largest known niobium resources in North America. NioCorp is working to secure permits and complete engineering studies to transition Elk Creek from exploration to production.

At Elk Creek, NioCorp aims to produce high-purity ferroniobium for the steel and aerospace sectors, scandium oxide for advanced aluminum alloys, and titanium dioxide for pigment and metal applications.