NioCorp Developments Ltd. (NASDAQ:NIOBW) Short Interest Update

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 589 shares, a decline of 89.9% from the December 15th total of 5,809 shares. Based on an average daily trading volume, of 19,280 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 19,280 shares, the days-to-cover ratio is presently 0.0 days.

NioCorp Developments Trading Up 6.2%

Shares of NioCorp Developments stock traded up $0.17 on Wednesday, reaching $2.90. The stock had a trading volume of 10,528 shares, compared to its average volume of 52,081. The business’s 50 day moving average is $2.12 and its two-hundred day moving average is $1.72. NioCorp Developments has a 1 year low of $0.08 and a 1 year high of $6.09.

NioCorp Developments Company Profile

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.