Short Interest in NioCorp Developments Ltd. (NASDAQ:NIOBW) Expands By 199.2%

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 1,762 shares, a growth of 199.2% from the December 31st total of 589 shares. Based on an average trading volume of 50,262 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 50,262 shares, the days-to-cover ratio is presently 0.0 days.

NioCorp Developments Trading Down 1.3%

NASDAQ:NIOBW opened at $3.09 on Thursday. The firm’s 50 day simple moving average is $2.29 and its 200 day simple moving average is $1.90. NioCorp Developments has a one year low of $0.08 and a one year high of $6.09.

NioCorp Developments Company Profile

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.