Short Interest in Manganese X Energy Corp. (OTCMKTS:MNXXF) Drops By 39.4%

Manganese X Energy Corp. (OTCMKTS:MNXXF) was the recipient of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 132,843 shares, a decrease of 39.4% from the December 31st total of 219,373 shares. Based on an average daily volume of 250,055 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 250,055 shares, the days-to-cover ratio is currently 0.5 days.

Manganese X Energy Stock Performance

Shares of MNXXF traded down $0.01 during trading hours on Friday, reaching $0.10. The company had a trading volume of 136,151 shares, compared to its average volume of 180,473. Manganese X Energy has a 12-month low of $0.03 and a 12-month high of $0.13. The firm has a 50 day simple moving average of $0.09 and a 200-day simple moving average of $0.07.

About Manganese X Energy

Manganese X Energy (OTCMKTS: MNXXF) is a mineral exploration and development company dedicated to advancing manganese projects for the battery and electric-vehicle markets. The company’s core focus is on identifying, acquiring and de-risking high-purity manganese deposits through systematic exploration, metallurgical testing and pilot-scale processing. By targeting manganese—a critical component in lithium-ion battery cathodes—Manganese X Energy aims to contribute to the growing demand for sustainable energy storage materials.

Through its technical programs, the company evaluates both hard-rock and oxide manganese occurrences, applying hydrometallurgical flowsheets to produce battery-grade manganese sulfate and other refined products.