Northam Platinum Holdings Limited (OTCMKTS:NPTLF) Sees Significant Increase in Short Interest

Northam Platinum Holdings Limited (OTCMKTS:NPTLF) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 8,386 shares, an increase of 115.4% from the April 30th total of 3,893 shares. Based on an average trading volume of 757 shares, the days-to-cover ratio is presently 11.1 days.

Northam Platinum Price Performance

Shares of OTCMKTS:NPTLF remained flat at $24.00 during trading on Friday. The company’s 50-day moving average is $20.49 and its 200 day moving average is $20.81. Northam Platinum has a fifty-two week low of $13.66 and a fifty-two week high of $28.95.

Northam Platinum Company Profile

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.