Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Short Interest Update

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 13,169 shares, a drop of 59.8% from the July 30th total of 32,725 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 169,757 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded shares of 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 given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $23.00.

Impala Platinum Price Performance

OTCMKTS IMPUY traded down $0.08 on Friday, reaching $14.28. The company had a trading volume of 159,347 shares, compared to its average volume of 162,665. Impala Platinum has a 12 month low of $8.83 and a 12 month high of $23.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.36 and a current ratio of 2.93. The firm’s 50 day moving average price is $11.83 and its 200 day moving average price is $14.08.

Impala Platinum Company Profile

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.