Northam Platinum Holdings Limited (OTCMKTS:NPTLF – Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 24,863 shares, a decline of 61.3% from the August 15th total of 64,233 shares. Based on an average daily volume of 418 shares, the days-to-cover ratio is currently 59.5 days.
Northam Platinum Price Performance
OTCMKTS NPTLF remained flat at $19.98 on Tuesday. The company has a fifty day moving average of $18.39 and a 200-day moving average of $20.78. Northam Platinum has a fifty-two week low of $13.44 and a fifty-two week high of $28.95.
About Northam Platinum
Northam Platinum (OTCMKTS:NPTLF) is a South African precious metals mining company focused on the exploration, extraction and processing of platinum group metals (PGMs). Its principal products include platinum, palladium, rhodium and gold, which are sold into global markets for use in automotive catalysts, industrial applications and jewellery manufacturing. The company’s integrated business model spans mining, smelting, base metal removal (BMR) and refining, allowing it to capture value throughout the production chain.
The company’s core operations are located on the Bushveld Complex in South Africa’s North West and Mpumalanga provinces.
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