Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY – Get Free Report) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 129,830 shares, an increase of 168.1% from the September 15th total of 48,430 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 351,589 shares, the short-interest ratio is currently 0.4 days.
Impala Platinum Price Performance
Impala Platinum stock traded down $0.09 during trading hours on Monday, hitting $11.14. The stock had a trading volume of 92,344 shares, compared to its average volume of 252,464. Impala Platinum has a 1-year low of $10.04 and a 1-year high of $23.50. The stock’s fifty day moving average is $13.34 and its two-hundred day moving average is $13.23. The company has a quick ratio of 2.09, a current ratio of 3.76 and a debt-to-equity ratio of 0.01.
Analyst Upgrades and Downgrades
Separately, Zacks Research lowered shares of Impala Platinum from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 6th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $23.00.
About Impala Platinum
Impala Platinum Holdings Limited, commonly known as Implats, is a South Africa-based 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 a portfolio of mines and processing facilities in southern Africa and Canada. Its assets include Impala Rustenburg and Marula in South Africa, Zimplats in Zimbabwe and Impala Canada’s Lac des Iles operation in Ontario.
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