Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Shares Shorted: Short Interest Down 66.9% in October

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 42,912 shares, a decline of 66.9% from the September 30th total of 129,830 shares. Based on an average daily volume of 298,589 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Impala Platinum Price Performance

Impala Platinum stock opened at $10.46 on Friday. The company’s 50 day simple moving average is $12.78 and its 200-day simple moving average is $14.27. Impala Platinum has a 1 year low of $10.04 and a 1 year high of $23.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.76 and a quick ratio of 2.09.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Impala Platinum from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 6th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Impala Platinum presently has an average rating of “Hold” and a consensus price target of $23.00.

About Impala Platinum

Impala Platinum Holdings Limited, commonly known as Implats, is a South African mining and metals company focused on the exploration, extraction, 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 and cobalt.

The company operates an integrated mining and processing business with assets in South Africa, Zimbabwe and Canada. Its portfolio includes the Impala Rustenburg and Marula operations in South Africa, the Mimosa and Zimplats operations in Zimbabwe, and the Impala Canada operation, which produces PGMs from the Lac des Iles mine in Ontario.