NioCorp Developments Ltd. (NASDAQ:NIOBW) Sees Large Decrease in Short Interest

NioCorp Developments Ltd. (NASDAQ:NIOBW) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 441 shares, a decline of 96.1% from the January 29th total of 11,176 shares. Based on an average daily trading volume, of 23,387 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 23,387 shares, the short-interest ratio is currently 0.0 days.

NioCorp Developments Stock Performance

Shares of NASDAQ:NIOBW traded up $0.10 during trading on Wednesday, reaching $2.06. 15,114 shares of the company were exchanged, compared to its average volume of 41,663. The business’s fifty day simple moving average is $2.41 and its 200-day simple moving average is $2.13. NioCorp Developments has a 12-month low of $0.08 and a 12-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.