Short Interest in Lithium Co. (OTCMKTS:LTUM) Declines By 43.8%

Lithium Co. (OTCMKTS:LTUM) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 15,300 shares, a drop of 43.8% from the August 15th total of 27,200 shares. Based on an average daily trading volume, of 566,400 shares, the short-interest ratio is presently 0.0 days.

Shares of LTUM stock traded down $0.01 during mid-day trading on Friday, hitting $0.34. 236,082 shares of the company’s stock were exchanged, compared to its average volume of 274,191. The stock has a 50-day simple moving average of $0.36 and a two-hundred day simple moving average of $0.40. The stock has a market cap of $34.30 million, a price-to-earnings ratio of -33.80 and a beta of 1.24. Lithium has a fifty-two week low of $0.14 and a fifty-two week high of $1.22.

Lithium Company Profile

Lithium Corp. is an exploration stage mining company. The firm engages in the identification, acquisition and exploration of metals and minerals with a focus on lithium mineralization on properties. It holds interest in Fish Lake Valley, San Emidio, Yeehaw, Hughes Property, and BC Sugar. The company was founded on January 30, 2007 and is headquartered in Elko, NV.

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