Surge Battery Metals Inc. (OTCMKTS:NILIF) Stock Short Interest Climbs 357.1%

Posted by Stacy Sanders on Nov 13th, 2026

Surge Battery Metals Inc. (OTCMKTS:NILIF – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 260,359 shares, an increase of 357.1% from the October 15th total of 56,956 shares. Based on an average trading volume of 142,752 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.1% of the company’s stock are sold short.

Surge Battery Metals Stock Performance

OTCMKTS NILIF remained flat at $0.37 during mid-day trading on Friday. The business’s 50 day moving average price is $0.52 and its two-hundred day moving average price is $0.50. Surge Battery Metals has a 12 month low of $0.27 and a 12 month high of $0.80. The firm has a market cap of $121.32 million, a PE ratio of -9.22 and a beta of 1.86.

Surge Battery Metals (OTCMKTS:NILIF – Get Free Report) last posted its quarterly earnings data on Friday, August 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). On average, sell-side analysts predict that Surge Battery Metals will post -0.03 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered Surge Battery Metals from a “hold” rating to a “strong sell” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

Get Our Latest Stock Analysis on Surge Battery Metals

About Surge Battery Metals

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Surge Battery Metals Inc. is a mineral exploration company focused on identifying and advancing lithium resources for the battery materials market. The company explores for lithium-bearing deposits and does not manufacture batteries or produce lithium products. Its projects include the Nevada North Lithium Project in Elko County, Nevada, where exploration has focused on lithium-rich claystone, and the San Emidio Lithium Project in Nevada. The company’s activities include mineral exploration and resource evaluation.