Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Sees Significant Decrease in Short Interest

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 42,912 shares, a drop of 66.9% from the September 30th total of 129,830 shares. Based on an average trading volume of 298,589 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut shares of Impala Platinum from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 6th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $23.00.

Impala Platinum Stock Performance

Shares of IMPUY traded down $0.01 during mid-day trading on Thursday, reaching $10.49. The company’s stock had a trading volume of 79,006 shares, compared to its average volume of 246,848. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.09 and a current ratio of 3.76. Impala Platinum has a 1-year low of $10.04 and a 1-year high of $23.50. The business has a 50-day simple moving average of $12.85 and a two-hundred day simple moving average of $14.30.

Impala Platinum Company Profile

Impala Platinum Holdings Limited, commonly known as Implats, is a South African mining and metals company focused on the exploration, extraction, processing, refining and marketing of platinum group metals (PGMs). Its principal products include platinum, palladium and rhodium, along with associated metals such as nickel, copper and cobalt.

The company operates an integrated mining and processing business with assets in South Africa, Zimbabwe and Canada. Its portfolio includes the Impala Rustenburg and Marula operations in South Africa, the Mimosa and Zimplats operations in Zimbabwe, and the Impala Canada operation, which produces PGMs from the Lac des Iles mine in Ontario.