Short Interest in Northam Platinum Holdings Limited (OTCMKTS:NPTLF) Rises By 74.0%

Northam Platinum Holdings Limited (OTCMKTS:NPTLFGet Free Report) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 42,580 shares, an increase of 74.0% from the July 15th total of 24,474 shares. Based on an average daily trading volume, of 52 shares, the days-to-cover ratio is currently 818.8 days.

Northam Platinum Price Performance

NPTLF stock remained flat at $16.06 during mid-day trading on Monday. The company’s stock had a trading volume of 100 shares, compared to its average volume of 742. Northam Platinum has a 52-week low of $13.44 and a 52-week high of $28.95. The firm’s 50 day simple moving average is $20.80 and its two-hundred day simple moving average is $21.87.

Northam Platinum Company Profile

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Northam Platinum (OTCMKTS:NPTLF) is a South African precious metals mining company focused on the exploration, extraction and processing of platinum group metals (PGMs). Its principal products include platinum, palladium, rhodium and gold, which are sold into global markets for use in automotive catalysts, industrial applications and jewellery manufacturing. The company’s integrated business model spans mining, smelting, base metal removal (BMR) and refining, allowing it to capture value throughout the production chain.

The company’s core operations are located on the Bushveld Complex in South Africa’s North West and Mpumalanga provinces.

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