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

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 34,078 shares, a growth of 158.8% from the August 15th total of 13,169 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 392,652 shares, the days-to-cover ratio is currently 0.1 days.

Impala Platinum Stock Performance

OTCMKTS:IMPUY opened at $14.85 on Friday. Impala Platinum has a fifty-two week low of $10.04 and a fifty-two week high of $23.50. The company has a quick ratio of 1.36, a current ratio of 2.93 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average is $12.62 and its two-hundred day moving average is $13.88.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Impala Platinum from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.00.

Impala Platinum Company Profile

Impala Platinum Holdings Limited, commonly known as Implats, is a South African mining and metals group focused on the exploration, mining, 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, cobalt and gold.

The company operates through a portfolio of underground and open-pit mines, concentrators, smelters and refineries. Its major operations are located in South Africa and Zimbabwe, including the Impala Rustenburg and Impala Bafokeng operations in the North West province, Marula and Two Rivers in Limpopo, and Zimplats and Mimosa in Zimbabwe.