Short Interest in Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Drops By 6.4%

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF – Get Rating) was the recipient of a large decline in short interest during the month of December. As of December 30th, there was short interest totalling 10,539,100 shares, a decline of 6.4% from the December 15th total of 11,261,600 shares. Based on an average daily volume of 313,900 shares, the days-to-cover ratio is presently 33.6 days.

Ivanhoe Mines Stock Down 0.3 %

Shares of IVPAF stock opened at $9.28 on Wednesday. The stock has a 50-day moving average of $8.45 and a 200-day moving average of $7.23. Ivanhoe Mines has a one year low of $4.90 and a one year high of $10.32.

About Ivanhoe Mines

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Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located primarily in Africa. It explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead deposits. The company's projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located in Haut-Katanga Province, Democratic Republic of Congo; and the Kamoa-Kakula project located within the Central African Copperbelt.