Short Interest in NioCorp Developments Ltd. (NASDAQ:NIOBW) Grows By 152.5%

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 25,000 shares, a growth of 152.5% from the February 28th total of 9,900 shares. Based on an average daily volume of 23,600 shares, the days-to-cover ratio is presently 1.1 days.

NioCorp Developments Stock Performance

NIOBW stock traded up $0.02 during midday trading on Thursday, reaching $0.24. The company’s stock had a trading volume of 1,819 shares, compared to its average volume of 21,832. NioCorp Developments has a 1 year low of $0.08 and a 1 year high of $0.54. The stock has a fifty day simple moving average of $0.16 and a two-hundred day simple moving average of $0.13.

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.