Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Short Interest Update

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 40,096 shares, a growth of 118.5% from the June 15th total of 18,350 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 503,793 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Impala Platinum from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 9th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Impala Platinum currently has an average rating of “Hold” and a consensus price target of $23.00.

Impala Platinum Trading Down 3.5%

Shares of Impala Platinum stock opened at $10.82 on Friday. The business has a fifty day simple moving average of $12.65 and a two-hundred day simple moving average of $15.36. Impala Platinum has a 1 year low of $8.50 and a 1 year high of $23.50. The company has a quick ratio of 1.36, a current ratio of 2.93 and a debt-to-equity ratio of 0.01.

Impala Platinum Company Profile

Impala Platinum (OTCMKTS:IMPUY) is the U.S. American Depositary Receipt program for Impala Platinum Holdings Limited, a South African mining group specializing in the extraction, processing and marketing of platinum group metals (PGMs). Headquartered in Johannesburg, the company’s core products include platinum, palladium, rhodium, ruthenium and iridium, with byproducts such as nickel and gold. Impala Platinum’s integrated operations span the full value chain from underground and surface mining to smelting and refining.

The company’s principal mining assets are located on the Bushveld Complex in South Africa and at the Zimplats operations in Zimbabwe.