NioCorp Developments Ltd. (NASDAQ:NIOBW) Short Interest Update

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the recipient of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 15,800 shares, a drop of 36.8% from the March 15th total of 25,000 shares. Based on an average daily volume of 18,500 shares, the short-interest ratio is presently 0.9 days.

NioCorp Developments Price Performance

Shares of NASDAQ NIOBW traded down $0.07 on Thursday, reaching $0.58. 130,082 shares of the company’s stock traded hands, compared to its average volume of 25,032. The business’s 50 day simple moving average is $0.22 and its two-hundred day simple moving average is $0.15. NioCorp Developments has a 12 month low of $0.08 and a 12 month high of $0.75.

About NioCorp Developments

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.