Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) Sees Significant Drop in Short Interest

Key Points

• Impala Platinum Holdings Ltd. experienced a significant 48.1% drop in short interest in September, reducing the total to 52,000 shares from 100,100 shares in August.
• The company recently declared a dividend of $0.0647, representing a dividend yield of 61.0%, paid to stockholders of record on September 22nd.
• Impala Platinum's stock price increased by 0.2%, trading at $12.88, with a 12-month trading range between $4.57 and $13.37.

Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY - ) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 52,000 shares, a decrease of 48.1% from the August 31st total of 100,100 shares. Based on an average daily volume of 452,100 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 452,100 shares, the days-to-cover ratio is presently 0.1 days.

Impala Platinum Trading Up 0.2%

OTCMKTS IMPUY traded up $0.03 during trading on Friday, hitting $12.88. 114,296 shares of the company's stock traded hands, compared to its average volume of 238,566. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.74 and a quick ratio of 1.23. The business has a 50 day moving average of $10.37 and a 200-day moving average of $8.49. Impala Platinum has a 12-month low of $4.57 and a 12-month high of $13.37.

Impala Platinum Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 22nd were paid a $0.0647 dividend. This represents a dividend yield of 61.0%. The ex-dividend date of this dividend was 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.