NioCorp Developments Ltd. (NASDAQ:NIOBW) Short Interest Down 94.5% in July

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 240 shares, a decrease of 94.5% from the July 15th total of 4,337 shares. Based on an average daily volume of 4,603 shares, the days-to-cover ratio is currently 0.1 days.

NioCorp Developments Trading Down 5.9%

Shares of NioCorp Developments stock traded down $0.10 during trading hours on Wednesday, reaching $1.59. The company’s stock had a trading volume of 10,570 shares, compared to its average volume of 21,118. The company’s 50 day simple moving average is $1.45 and its 200 day simple moving average is $1.81. NioCorp Developments has a one year low of $0.73 and a one year high of $6.09.

About NioCorp Developments

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.