Short Interest in Silver Elephant Mining Corp. (OTCMKTS:SILEF) Drops By 47.4%

Silver Elephant Mining Corp. (OTCMKTS:SILEF) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 7,402 shares, a drop of 47.4% from the July 30th total of 14,061 shares. Based on an average trading volume of 48,538 shares, the short-interest ratio is currently 0.2 days.

Silver Elephant Mining Price Performance

OTCMKTS SILEF traded up $0.01 on Monday, reaching $0.11. The company had a trading volume of 221,279 shares, compared to its average volume of 58,400. The company’s fifty day moving average is $0.09 and its 200-day moving average is $0.12. Silver Elephant Mining has a 1-year low of $0.08 and a 1-year high of $0.31.

About Silver Elephant Mining

Silver Elephant Mining Corp. (OTCMKTS:SILEF) is a mineral exploration and development company focused on advancing its flagship Pulacayo silver–lead–zinc project in the historic Potosí mining district of southern Bolivia. The company’s primary objective is to bring Pulacayo into production, leveraging a resource base that ranks among the highest-grade undeveloped silver deposits globally. Alongside resource definition and permitting activities, Silver Elephant is engaged in engineering studies designed to optimize mine planning, metallurgical recovery and capital efficiencies.

Headquartered in Vancouver, British Columbia, Silver Elephant maintains technical and corporate offices in La Paz and Potosí, facilitating close collaboration with Bolivian government authorities, local communities and service providers.