Lithium Ionic Corp. (OTCMKTS:LTHCF) Short Interest Update

Lithium Ionic Corp. (OTCMKTS:LTHCF) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 658,994 shares, a growth of 275.8% from the July 15th total of 175,380 shares. Based on an average daily trading volume, of 6,928 shares, the days-to-cover ratio is presently 95.1 days.

Lithium Ionic Stock Performance

Shares of LTHCF opened at $0.37 on Thursday. The business has a fifty day moving average of $0.50 and a 200 day moving average of $0.68. Lithium Ionic has a 52-week low of $0.27 and a 52-week high of $1.06.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets cut Lithium Ionic from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

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.