Lake Resources NL (OTCMKTS:LLKKF) Shares Shorted: Short Interest Up 4,093.0% in October

Lake Resources NL (OTCMKTS:LLKKF) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 260,891 shares, an increase of 4,093.0% from the October 15th total of 6,222 shares. Based on an average daily trading volume, of 423,319 shares, the days-to-cover ratio is currently 0.6 days.

Lake Resources Price Performance

OTCMKTS:LLKKF traded down $0.00 during mid-day trading on Tuesday, reaching $0.02. 1,000 shares of the stock were exchanged, compared to its average volume of 319,509. The business has a fifty day moving average price of $0.03 and a 200 day moving average price of $0.05. Lake Resources has a 1-year low of $0.01 and a 1-year high of $0.11.

Lake Resources Company Profile

Lake Resources N.L. is an Australia-based lithium exploration and development company focused on projects in Argentina. Its work centers on lithium-rich brines in the country’s northwest, part of South America’s “Lithium Triangle.” The company’s flagship project is Kachi, in Catamarca Province. Lake is advancing the project as a potential source of battery-grade lithium carbonate and has pursued direct lithium extraction (DLE) technology to recover lithium from brine. Lake Resources is a project developer rather than an established lithium producer.