Short Interest in Northam Platinum Holdings Limited (OTCMKTS:NPTLF) Grows By 115.4%
by Renee Jackson · The Cerbat GemNortham Platinum Holdings Limited (OTCMKTS:NPTLF – Get Free Report) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 8,386 shares, an increase of 115.4% from the April 30th total of 3,893 shares. Based on an average daily volume of 757 shares, the short-interest ratio is currently 11.1 days.
Northam Platinum Price Performance
Shares of Northam Platinum stock remained flat at $24.00 on Tuesday. Northam Platinum has a 12-month low of $13.66 and a 12-month high of $28.95. The business has a 50-day moving average price of $20.61 and a 200-day moving average price of $20.93.
About Northam Platinum
Northam Platinum (OTCMKTS:NPTLF) is a South African precious metals mining company focused on the exploration, extraction and processing of platinum group metals (PGMs). Its principal products include platinum, palladium, rhodium and gold, which are sold into global markets for use in automotive catalysts, industrial applications and jewellery manufacturing. The company’s integrated business model spans mining, smelting, base metal removal (BMR) and refining, allowing it to capture value throughout the production chain.
The company’s core operations are located on the Bushveld Complex in South Africa’s North West and Mpumalanga provinces.