Impala Platinum Holdings Limited (OTCMKTS:IMPUY) sees sharp drop in short-term interest
Impala Platinum Holdings Limited (OTCMKTS: IMPUY – Get a rating) saw a sharp drop in short-term interest rates in May. As of May 15, there was short interest totaling 33,200 shares, down 67.5% from the April 30 total of 102,200 shares. Based on an average trading volume of 297,900 shares, the short-term interest rate ratio is currently 0.1 day.
OTCMKTS: IMPUY traded down $0.15 on Thursday, hitting $12.83. The company had a trading volume of 114,164 shares, compared to an average volume of 162,097. The company has a 50-day moving average of $13.95 and a two-hundred-day moving average of $14.44. Impala Platinum has a 52 week minimum of $10.80 and a 52 week maximum of $19.10.
The company also recently declared a dividend, which was paid on Tuesday, March 29. Shareholders of record on Friday, March 18 received a dividend of $0.2531. This represents a return of 5.62%. The ex-dividend date was Thursday, March 17.
Separately, Goldman Sachs Group issued coverage on Impala Platinum shares in a Monday, May 9 research note. They gave the company a “neutral” rating.
Impala Platinum Company Profile (Get a rating)
Impala Platinum Holdings Limited is engaged in the mining, processing, refining and marketing of platinum group metals (PGMs). The company produces platinum, palladium, rhodium, cobalt and nickel, as well as chromium. It has operations on ore bodies containing PGMs, including the Bushveld Complex located in South Africa; and the Great Dyke located in Zimbabwe.
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