Neo Performance Materials Inc. (OTCMKTS:NOPMF) Short Interest Update

Neo Performance Materials Inc. (OTCMKTS:NOPMF) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 173,700 shares, an increase of 19.4% from the December 31st total of 145,500 shares. Based on an average trading volume of 18,500 shares, the short-interest ratio is presently 9.4 days.

Neo Performance Materials Price Performance

NOPMF stock traded down $0.23 during midday trading on Monday, hitting $5.80. 2,935 shares of the company’s stock were exchanged, compared to its average volume of 12,776. Neo Performance Materials has a 1-year low of $4.07 and a 1-year high of $6.75. The business has a 50-day simple moving average of $5.72 and a two-hundred day simple moving average of $5.75.

About Neo Performance Materials

Neo Performance Materials Inc engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets.