Short Interest in Neo Performance Materials Inc. (OTCMKTS:NOPMF) Declines By 26.8%

Neo Performance Materials Inc. (OTCMKTS:NOPMF) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 107,800 shares, a decline of 26.8% from the March 31st total of 147,300 shares. Based on an average trading volume of 11,800 shares, the days-to-cover ratio is currently 9.1 days.

Neo Performance Materials Stock Up 1.1 %

Shares of NOPMF traded up $0.04 during trading hours on Friday, hitting $4.30. 900 shares of the stock were exchanged, compared to its average volume of 9,362. Neo Performance Materials has a 12-month low of $4.07 and a 12-month high of $7.17. The stock’s 50-day moving average price is $4.77 and its two-hundred day moving average price is $5.21.

Analysts Set New Price Targets

Separately, Stifel Nicolaus cut their price objective on Neo Performance Materials from $9.00 to $7.50 and set a “hold” rating for the company in a research report on Monday, March 18th.

Neo Performance Materials Company Profile

Neo Performance Materials Inc engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally. The company operates in three segments: Magnequench, Chemicals and Oxides, and Rare Metals. The Magnequench segment produces magnetic powders that are used in bonded and hot deformed fully dense neodymium-iron-boron magnets; and bonded magnets.