Short Interest in NioCorp Developments Ltd. (NASDAQ:NIOBW) Drops By 75.8%

NioCorp Developments Ltd. (NASDAQ:NIOBW) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 5,800 shares, a decrease of 75.8% from the March 31st total of 24,000 shares. Based on an average daily volume of 7,200 shares, the days-to-cover ratio is presently 0.8 days.

NioCorp Developments Price Performance

Shares of NioCorp Developments stock remained flat at $0.44 during trading hours on Thursday. The stock had a trading volume of 25 shares, compared to its average volume of 7,357. NioCorp Developments has a twelve month low of $0.27 and a twelve month high of $0.80. The firm has a 50-day simple moving average of $0.42 and a 200-day simple moving average of $0.46.

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.