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

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

NioCorp Developments Stock Performance

Shares of NIOBW stock remained flat at $0.44 during mid-day trading on Thursday. 25 shares of the stock traded hands, compared to its average volume of 7,357. NioCorp Developments has a 1 year low of $0.27 and a 1 year high of $0.80. The company 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.