Pensana Plc (OTCMKTS:PNSPF) Short Interest Down 85.7% in May

Pensana Plc (OTCMKTS:PNSPF) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 716 shares, a drop of 85.7% from the May 14th total of 5,012 shares. Based on an average daily volume of 299 shares, the short-interest ratio is presently 2.4 days.

Pensana Stock Performance

Pensana stock opened at C$1.30 on Friday. Pensana has a 52 week low of C$0.55 and a 52 week high of C$2.58. The firm’s 50-day simple moving average is C$1.30 and its 200 day simple moving average is C$1.33.

Pensana Company Profile

Pensana Plc is a critical metals company engaged in the exploration, development and processing of rare earth elements essential for clean energy and high‐technology applications. The company’s flagship asset is the Longonjo rare earths project in Angola, which is being advanced toward production of neodymium and praseodymium—key magnets in electric vehicles, wind turbines and consumer electronics. Pensana has structured its operations to address both upstream mining and downstream beneficiation, ensuring that its concentrate is processed into separated rare earth oxides.

To support a robust and secure supply chain, Pensana is developing the Saltend rare earth processing facility in the United Kingdom.