Core Lithium Ltd (OTCMKTS:CXOXF) Shares Shorted: Short Interest Up 85.3% in September

Core Lithium Ltd (OTCMKTS:CXOXF) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 468,094 shares, an increase of 85.3% from the September 15th total of 252,669 shares. Based on an average trading volume of 13,597 shares, the days-to-cover ratio is presently 34.4 days.

Core Lithium Stock Down 18.1%

Shares of CXOXF opened at C$0.12 on Friday. The business’s 50 day moving average is C$0.23 and its two-hundred day moving average is C$0.21. Core Lithium has a 52-week low of C$0.06 and a 52-week high of C$0.30.

About Core Lithium

Core Lithium Ltd. is an Australian mining and exploration company focused on the development of lithium resources in the Northern Territory. Its principal asset is the Finniss Lithium Project, located near Darwin, which is designed to produce spodumene concentrate, a lithium-bearing mineral used in the manufacture of lithium-ion batteries.

The Finniss project includes the Grants and BP33 deposits, along with additional exploration prospects. Core Lithium has historically undertaken mining, processing, resource development and exploration activities across the project area, with the broader objective of supplying lithium raw materials to battery and electric-vehicle supply chains.

Core Lithium is headquartered in Darwin and is listed on the Australian Securities Exchange under the symbol CXO, with its shares also traded over the counter in the United States under the symbol CXOXF.