Lithium Ionic Corp. (OTCMKTS:LTHCF) Short Interest Update

Lithium Ionic Corp. (OTCMKTS:LTHCF) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 658,994 shares, an increase of 275.8% from the July 15th total of 175,380 shares. Based on an average daily volume of 6,928 shares, the days-to-cover ratio is currently 95.1 days.

Lithium Ionic Stock Performance

OTCMKTS:LTHCF opened at $0.48 on Friday. The company has a 50-day moving average of $0.49 and a 200-day moving average of $0.68. Lithium Ionic has a twelve month low of $0.27 and a twelve month high of $1.06.

Analyst Ratings Changes

Separately, BMO Capital Markets lowered Lithium Ionic from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Lithium Ionic has an average rating of “Hold”.

Lithium Ionic Company Profile

Lithium Ionic Corp. engages in the acquisition, exploration, and development of mineral properties in Brazil. The company's flagship properties include a 100% ownership in the Itinga lithium project that comprises seven mineral licenses covering an area of approximately 1,300 hectares in the prolific Aracuai lithium province; and the Salinas project located in the northeastern part of Minas Gerais state. Lithium Ionic Corp. is headquartered in Toronto, Canada.