Short Interest in Ivanhoe Mines Ltd. (OTCMKTS:IVPAF) Drops By 6.4%

Ivanhoe Mines Ltd. (OTCMKTS:IVPAF – Get Rating) was the target of a significant drop in short interest in the month of December. As of December 30th, there was short interest totalling 10,539,100 shares, a drop of 6.4% from the December 15th total of 11,261,600 shares. Based on an average daily volume of 313,900 shares, the days-to-cover ratio is presently 33.6 days.

Ivanhoe Mines Trading Down 0.3 %

OTCMKTS IVPAF opened at $9.28 on Wednesday. The company has a 50 day moving average price of $8.45 and a two-hundred day moving average price of $7.23. Ivanhoe Mines has a 12-month low of $4.90 and a 12-month high of $10.32.

Ivanhoe Mines Company Profile

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Ivanhoe Mines Ltd. engages in the exploration, development, and recovery of minerals and precious metals located primarily in Africa. It explores for platinum, palladium, nickel, copper, gold, rhodium, zinc, silver, germanium, and lead deposits. The company's projects include the Platreef project located in the Northern Limb of South Africa's Bushveld Complex; the Kipushi project located in Haut-Katanga Province, Democratic Republic of Congo; and the Kamoa-Kakula project located within the Central African Copperbelt.