NioCorp Developments Ltd. (NASDAQ:NIOBW) Short Interest Up 405.1% in June

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 1,288 shares, an increase of 405.1% from the June 15th total of 255 shares. Based on an average trading volume of 9,362 shares, the short-interest ratio is currently 0.1 days.

NioCorp Developments Price Performance

Shares of NASDAQ:NIOBW traded down $0.16 during trading on Monday, hitting $1.24. 12,990 shares of the stock were exchanged, compared to its average volume of 23,476. NioCorp Developments has a 1-year low of $0.55 and a 1-year high of $6.09. The company’s fifty day simple moving average is $1.69 and its 200-day simple moving average is $1.96.

About NioCorp Developments

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.