NioCorp Developments Ltd. (NASDAQ:NIOBW) Short Interest Down 94.2% in June

NioCorp Developments Ltd. (NASDAQ:NIOBW) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 255 shares, a decrease of 94.2% from the May 31st total of 4,373 shares. Based on an average daily trading volume, of 15,822 shares, the days-to-cover ratio is currently 0.0 days.

NioCorp Developments Stock Up 3.6%

Shares of NIOBW traded up $0.05 during midday trading on Thursday, reaching $1.45. The company had a trading volume of 11,941 shares, compared to its average volume of 24,291. NioCorp Developments has a 1-year low of $0.42 and a 1-year high of $6.09. The firm has a 50 day simple moving average of $1.82 and a 200-day simple moving average of $2.02.

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.