NioCorp Developments Ltd. (NASDAQ:NIOBW) Short Interest Up 534.3% in January

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 11,176 shares, a growth of 534.3% from the January 15th total of 1,762 shares. Based on an average daily volume of 55,575 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 55,575 shares, the days-to-cover ratio is currently 0.2 days.

NioCorp Developments Trading Up 1.2%

NASDAQ:NIOBW traded up $0.03 during trading hours on Tuesday, reaching $2.61. 10,475 shares of the stock were exchanged, compared to its average volume of 47,840. The firm has a 50 day moving average of $2.41 and a 200 day moving average of $2.03. NioCorp Developments has a twelve month low of $0.08 and a twelve month 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.