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

Lithium Ionic Corp. (OTCMKTS:LTHCF) saw a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 103,952 shares, a decline of 84.2% from the July 30th total of 658,994 shares. Based on an average daily volume of 69,634 shares, the days-to-cover ratio is presently 1.5 days.

Lithium Ionic Price Performance

LTHCF remained flat at $0.48 during trading hours on Wednesday. 9,050 shares of the company traded hands, compared to its average volume of 24,911. Lithium Ionic has a 1 year low of $0.27 and a 1 year high of $1.06. The stock’s 50-day moving average price is $0.47 and its 200 day moving average price is $0.66.

Analyst Ratings Changes

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

About Lithium Ionic

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.