Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Sees Large Growth in Short Interest

Key Points

• Impala Platinum Holdings Ltd. experienced a 533.5% increase in short interest in August, rising from 15,800 shares to 100,100 shares.
• The current debt-to-equity ratio for Impala Platinum is 0.02, indicating a strong financial position.
• As of mid-day trading, Impala Platinum's stock price reached $10.90, with a 52-week range between $4.22 and $11.16.

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY - ) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 100,100 shares, a growth of 533.5% from the August 15th total of 15,800 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 393,400 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 393,400 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Impala Platinum Stock Performance

Shares of IMPUY traded up $0.03 during mid-day trading on Thursday, hitting $10.90. The stock had a trading volume of 44,406 shares, compared to its average volume of 281,464. Impala Platinum has a 52 week low of $4.22 and a 52 week high of $11.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.37 and a current ratio of 3.11. The business has a fifty day moving average price of $9.75 and a 200-day moving average price of $7.79.

Impala Platinum Company Profile

Impala Platinum Holdings Limited engages in the mining, processing, concentrating, refining, and sale of platinum group metals (PGMs) and associated base metals. The company produces platinum, palladium, rhodium, nickel, and by-products, as well as ruthenium, iridium, and gold. It has operations on the PGM-bearing orebodies, including the Bushveld Complex located in South Africa; and the Great Dyke situated in Zimbabwe, as well as the Canadian Shield.

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