Pensana Plc (OTCMKTS:PNSPF) Sees Significant Decrease in Short Interest

Pensana Plc (OTCMKTS:PNSPF) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 5,012 shares, a decrease of 81.4% from the April 30th total of 26,975 shares. Based on an average daily volume of 1,655 shares, the days-to-cover ratio is presently 3.0 days.

Pensana Price Performance

OTCMKTS PNSPF remained flat at C$1.33 on Friday. Pensana has a 12 month low of C$0.52 and a 12 month high of C$2.58. The stock’s fifty day moving average price is C$1.27 and its 200-day moving average price is C$1.33.

Pensana Company Profile

Pensana Plc is a critical metals company engaged in the exploration, development and processing of rare earth elements essential for clean energy and high‐technology applications. The company’s flagship asset is the Longonjo rare earths project in Angola, which is being advanced toward production of neodymium and praseodymium—key magnets in electric vehicles, wind turbines and consumer electronics. Pensana has structured its operations to address both upstream mining and downstream beneficiation, ensuring that its concentrate is processed into separated rare earth oxides.

To support a robust and secure supply chain, Pensana is developing the Saltend rare earth processing facility in the United Kingdom.