NioCorp Developments Ltd. (NASDAQ:NIOBW) Sees Significant Decline in Short Interest

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the recipient 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 presently 0.1 days.

NioCorp Developments Stock Performance

NASDAQ:NIOBW traded down $0.05 during mid-day trading on Tuesday, reaching $1.69. The stock had a trading volume of 5,314 shares, compared to its average volume of 21,190. The firm has a 50 day moving average price of $1.45 and a two-hundred day moving average price of $1.81. NioCorp Developments has a one year low of $0.73 and a one year high of $6.09.

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.