Northam Platinum Holdings Limited (OTCMKTS:NPTLF – Get Free Report) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 8,386 shares, a growth of 115.4% from the April 30th total of 3,893 shares. Based on an average daily trading volume, of 757 shares, the days-to-cover ratio is presently 11.1 days.
Northam Platinum Stock Performance
Shares of NPTLF stock remained flat at $24.00 on Monday. Northam Platinum has a 1-year low of $13.66 and a 1-year high of $28.95. The company’s 50-day moving average price is $20.61 and its two-hundred day moving average price is $20.93.
About Northam Platinum
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.
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