Neo Performance Materials Inc. (OTCMKTS:NOPMF) Short Interest Update

Neo Performance Materials Inc. (OTCMKTS:NOPMF) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 107,800 shares, a decrease of 26.8% from the March 31st total of 147,300 shares. Based on an average daily trading volume, of 11,800 shares, the short-interest ratio is currently 9.1 days.

Neo Performance Materials Stock Performance

NOPMF traded up $0.04 during trading on Friday, hitting $4.30. 900 shares of the company traded hands, compared to its average volume of 9,362. Neo Performance Materials has a 1 year low of $4.07 and a 1 year high of $7.17. The stock’s 50-day simple moving average is $4.77 and its two-hundred day simple moving average is $5.21.

Analyst Ratings Changes

Separately, Stifel Nicolaus cut their price objective on shares of Neo Performance Materials from $9.00 to $7.50 and set a “hold” rating for the company in a research report on Monday, March 18th.

About Neo Performance Materials

Neo Performance Materials Inc engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets.