Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Short Interest Down 59.8% in August

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 13,169 shares, a decline of 59.8% from the July 30th total of 32,725 shares. Based on an average daily trading volume, of 169,757 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Impala Platinum Stock Down 0.6%

Shares of OTCMKTS IMPUY traded down $0.08 during trading hours on Friday, hitting $14.28. The company had a trading volume of 159,347 shares, compared to its average volume of 162,665. Impala Platinum has a 1-year low of $8.83 and a 1-year high of $23.50. The company has a current ratio of 2.93, a quick ratio of 1.36 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $11.83 and its 200-day moving average is $14.08.

Analysts Set New Price Targets

Separately, Zacks Research cut Impala Platinum from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $23.00.

About Impala Platinum

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.