Stardust Power Inc. (NASDAQ:SDSTW – Get Free Report) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 2,330 shares, a growth of 75.3% from the September 15th total of 1,329 shares. Based on an average daily volume of 7,719 shares, the days-to-cover ratio is currently 0.3 days.
Stardust Power Stock Up 25.6%
SDSTW traded up $0.02 on Thursday, reaching $0.09. 1,000 shares of the company’s stock were exchanged, compared to its average volume of 11,362. Stardust Power has a twelve month low of $0.05 and a twelve month high of $0.29. The company’s 50 day moving average is $0.10 and its 200-day moving average is $0.12.
About Stardust Power
Stardust Power Inc is a development-stage lithium company focused on building a vertically integrated domestic supply chain for battery-grade lithium products. The company is developing lithium refining facilities intended to process lithium-bearing feedstock into materials used in electric vehicle batteries, energy-storage systems and other applications.
Stardust Power’s flagship project is a planned lithium refinery in Muskogee, Oklahoma. The facility is designed to produce battery-grade lithium carbonate and support the company’s objective of expanding lithium refining capacity in the United States.
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