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

NioCorp Developments Ltd. (NASDAQ:NIOBW) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 589 shares, a decline of 89.9% from the December 15th total of 5,809 shares. Based on an average daily trading volume, of 19,280 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 19,280 shares, the days-to-cover ratio is presently 0.0 days.

NioCorp Developments Price Performance

Shares of NASDAQ:NIOBW traded up $0.18 during trading on Monday, hitting $2.72. 245,906 shares of the stock were exchanged, compared to its average volume of 60,872. NioCorp Developments has a 1-year low of $0.08 and a 1-year high of $6.09. The company’s fifty day simple moving average is $2.10 and its 200-day simple moving average is $1.71.

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.