Manganese X Energy Corp. (OTCMKTS:MNXXF) Sees Significant Increase in Short Interest

Manganese X Energy Corp. (OTCMKTS:MNXXF) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 12,850 shares, a growth of 36,614.3% from the May 14th total of 35 shares. Based on an average daily volume of 66,936 shares, the days-to-cover ratio is currently 0.2 days.

Manganese X Energy Stock Down 7.5%

OTCMKTS MNXXF traded down $0.01 during mid-day trading on Tuesday, hitting $0.08. The stock had a trading volume of 209,201 shares, compared to its average volume of 101,039. The firm’s 50 day moving average is $0.08 and its 200 day moving average is $0.09. Manganese X Energy has a twelve month low of $0.03 and a twelve month high of $0.13.

Manganese X Energy Company Profile

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.