Short Interest in Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Increases By 118.5%

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 40,096 shares, an increase of 118.5% from the June 15th total of 18,350 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 503,793 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Zacks Research cut Impala Platinum from a “hold” rating to a “strong sell” rating in a report on Thursday, July 9th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $23.00.

Impala Platinum Trading Down 3.5%

IMPUY stock traded down $0.39 during mid-day trading on Thursday, reaching $10.82. 172,285 shares of the company traded hands, compared to its average volume of 296,108. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.93 and a quick ratio of 1.36. The firm’s 50 day moving average price is $12.76 and its 200 day moving average price is $15.41. Impala Platinum has a fifty-two week low of $8.50 and a fifty-two week high of $23.50.

About Impala Platinum

Impala Platinum (OTCMKTS:IMPUY) is the U.S. American Depositary Receipt program for Impala Platinum Holdings Limited, a South African mining group specializing in the extraction, processing and marketing of platinum group metals (PGMs). Headquartered in Johannesburg, the company’s core products include platinum, palladium, rhodium, ruthenium and iridium, with byproducts such as nickel and gold. Impala Platinum’s integrated operations span the full value chain from underground and surface mining to smelting and refining.

The company’s principal mining assets are located on the Bushveld Complex in South Africa and at the Zimplats operations in Zimbabwe.