Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY – Get Free Report) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 14,091 shares, a decrease of 66.1% from the May 14th total of 41,597 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 241,196 shares, the short-interest ratio is currently 0.1 days.
Impala Platinum Stock Up 2.9%
Shares of OTCMKTS IMPUY traded up $0.34 during midday trading on Friday, reaching $12.07. 119,634 shares of the stock were exchanged, compared to its average volume of 249,763. The company has a 50 day simple moving average of $14.52 and a 200 day simple moving average of $15.74. Impala Platinum has a twelve month low of $8.01 and a twelve month high of $23.50.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded shares of Impala Platinum from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.
Impala Platinum Company Profile
Impala Platinum (OTCMKTS:IMPUY) is the U.S. American Depositary Receipt program for Impala Platinum Holdings Limited, a South African mining group specializing in the extraction, processing and marketing of platinum group metals (PGMs). Headquartered in Johannesburg, the company’s core products include platinum, palladium, rhodium, ruthenium and iridium, with byproducts such as nickel and gold. Impala Platinum’s integrated operations span the full value chain from underground and surface mining to smelting and refining.
The company’s principal mining assets are located on the Bushveld Complex in South Africa and at the Zimplats operations in Zimbabwe.
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