NioCorp Developments Ltd. (OTCMKTS:NIOBF – Get Rating) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 366,600 shares, an increase of 72.0% from the June 30th total of 213,200 shares. Based on an average daily volume of 172,100 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a "buy" rating and issued a $1.40 price objective on shares of NioCorp Developments in a research report on Thursday, June 30th.

NioCorp Developments Price Performance

NioCorp Developments stock traded down $0.01 during trading hours on Friday, hitting $0.67. The company had a trading volume of 52,279 shares, compared to its average volume of 173,122. NioCorp Developments has a 1 year low of $0.59 and a 1 year high of $1.25. The company has a 50-day moving average price of $0.73 and a two-hundred day moving average price of $0.80.

NioCorp Developments Company Profile

NioCorp Developments Ltd. explores for and develops mineral deposits in North America. It owns and develops the Elk Creek niobium/scandium/titanium project located in Southeastern Nebraska. The company was formerly known as Quantum Rare Earth Developments Corp. and changed its name to NioCorp Developments Ltd.

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