Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Sees Large Growth in Short Interest

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 34,078 shares, an increase of 158.8% from the August 15th total of 13,169 shares. Based on an average daily volume of 392,652 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Impala Platinum from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $23.00.

Impala Platinum Stock Performance

OTCMKTS IMPUY opened at $14.85 on Friday. The stock has a 50-day simple moving average of $12.62 and a 200 day simple moving average of $13.88. Impala Platinum has a twelve month low of $10.04 and a twelve month high of $23.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.93 and a quick ratio of 1.36.

Impala Platinum Company Profile

Impala Platinum Holdings Limited, commonly known as Implats, is a South African mining and metals group focused on the exploration, mining, processing, refining and marketing of platinum group metals (PGMs). Its principal products include platinum, palladium and rhodium, along with associated metals such as nickel, copper, cobalt and gold.

The company operates through a portfolio of underground and open-pit mines, concentrators, smelters and refineries. Its major operations are located in South Africa and Zimbabwe, including the Impala Rustenburg and Impala Bafokeng operations in the North West province, Marula and Two Rivers in Limpopo, and Zimplats and Mimosa in Zimbabwe.