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

Impala Platinum Trading Up 1.4%

IMPUY stock traded up $0.15 during midday trading on Tuesday, reaching $10.78. 57,243 shares of the company were exchanged, compared to its average volume of 209,691. The company has a current ratio of 2.74, a quick ratio of 1.23 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $9.85 and a two-hundred day moving average price of $7.97. Impala Platinum has a one year low of $4.57 and a one year high of $11.16.

Impala Platinum Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 22nd will be given a dividend of $0.0647 per share. This represents a yield of 61.0%. The ex-dividend date of this dividend is Friday, September 19th.

About Impala Platinum

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.