NioCorp Developments Ltd. (NASDAQ:NIOBW) Sees Large Drop in Short Interest

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 441 shares, a drop of 96.1% from the January 29th total of 11,176 shares. Based on an average daily volume of 23,387 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 23,387 shares, the days-to-cover ratio is presently 0.0 days.

NioCorp Developments Trading Down 7.3%

NioCorp Developments stock traded down $0.15 on Friday, hitting $1.91. The company’s stock had a trading volume of 7,779 shares, compared to its average volume of 39,717. NioCorp Developments has a one year low of $0.08 and a one year high of $6.09. The company has a fifty day moving average price of $2.42 and a 200-day moving average price of $2.13.

About NioCorp Developments

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.