Lithium Ionic Corp. (OTCMKTS:LTHCF) Short Interest Down 70.4% in May

Lithium Ionic Corp. (OTCMKTS:LTHCF) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 103,013 shares, a drop of 70.4% from the May 14th total of 348,448 shares. Based on an average daily trading volume, of 13,067 shares, the days-to-cover ratio is currently 7.9 days.

Lithium Ionic Stock Performance

Shares of LTHCF traded down $0.01 during midday trading on Thursday, hitting $0.54. The stock had a trading volume of 2,650 shares, compared to its average volume of 27,279. Lithium Ionic has a fifty-two week low of $0.38 and a fifty-two week high of $1.06. The business has a 50-day simple moving average of $0.78 and a two-hundred day simple moving average of $0.76.

Lithium Ionic Company Profile

Lithium Ionic Corp. engages in the acquisition, exploration, and development of mineral properties in Brazil. The company's flagship properties include a 100% ownership in the Itinga lithium project that comprises seven mineral licenses covering an area of approximately 1,300 hectares in the prolific Aracuai lithium province; and the Salinas project located in the northeastern part of Minas Gerais state. Lithium Ionic Corp. is headquartered in Toronto, Canada.