South Star Battery Metals Corp. (OTCMKTS:STSBF) Sees Large Decrease in Short Interest

South Star Battery Metals Corp. (OTCMKTS:STSBF) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 29,970 shares, a drop of 55.9% from the September 15th total of 67,954 shares. Based on an average daily trading volume, of 8,755 shares, the days-to-cover ratio is currently 3.4 days.

South Star Battery Metals Price Performance

South Star Battery Metals stock opened at $0.15 on Wednesday. South Star Battery Metals has a one year low of $0.07 and a one year high of $0.19. The stock’s 50 day moving average price is $0.17 and its 200 day moving average price is $0.13.

About South Star Battery Metals

South Star Battery Metals Corp. is a Canadian mineral development company focused on building a vertically integrated graphite business to supply materials used in lithium-ion batteries and other industrial applications. Its activities include the exploration, development and potential production of natural flake graphite.

The company’s principal asset is the Santa Cruz Graphite Project in Bahia, Brazil. South Star is developing the project in stages, with plans to produce graphite concentrate for battery, refractory, lubricant and other applications.