Surge Battery Metals Inc. (OTCMKTS:NILIF) Short Interest Up 436.7% in February

Surge Battery Metals Inc. (OTCMKTS:NILIF) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 84,800 shares, an increase of 436.7% from the February 13th total of 15,800 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 114,000 shares, the days-to-cover ratio is currently 0.7 days.

Surge Battery Metals Stock Performance

OTCMKTS NILIF traded down $0.01 during trading hours on Friday, hitting $0.24. 28,353 shares of the company traded hands, compared to its average volume of 73,151. The stock has a market capitalization of $39.61 million and a price-to-earnings ratio of -4.80. Surge Battery Metals has a twelve month low of $0.20 and a twelve month high of $0.40. The business’s 50-day moving average is $0.26 and its 200-day moving average is $0.27.

Surge Battery Metals Company Profile

Surge Battery Metals Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in North America. It primarily explores for lithium and nickel. The company's flagship property is the 100% owned Nevada North lithium project consisting of 243 mineral claims located in Elko County, Nevada.