Short Interest in NioCorp Developments Ltd. (NASDAQ:NIOBW) Drops By 99.3%

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 200 shares, a decline of 99.3% from the August 15th total of 28,500 shares. Based on an average daily volume of 33,900 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 33,900 shares, the days-to-cover ratio is presently 0.0 days.

NioCorp Developments Stock Performance

Shares of NASDAQ:NIOBW opened at $0.86 on Friday. NioCorp Developments has a 52-week low of $0.08 and a 52-week high of $1.25. The business has a 50-day moving average price of $0.81 and a 200-day moving average price of $0.52.

NioCorp Developments Company Profile

NioCorp Developments Ltd. engages in the exploration and development of mineral deposits in North America. It owns and develops the Elk Creek niobium/scandium/titanium project that owns one 226.43-acre parcel of land and associated mineral rights, and an additional 40 acres of mineral rights, as well as an optioned land package that covers an area of 1,396 acres located in Johnson County, southeast Nebraska.