Stardust Power Inc. (NASDAQ:SDSTW) Sees Significant Growth in Short Interest

Stardust Power Inc. (NASDAQ:SDSTW) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 2,330 shares, a growth of 75.3% from the September 15th total of 1,329 shares. Based on an average daily trading volume, of 7,719 shares, the short-interest ratio is presently 0.3 days.

Stardust Power Price Performance

NASDAQ:SDSTW remained flat at $0.07 on Friday. 62 shares of the company’s stock traded hands, compared to its average volume of 11,370. The business has a 50 day simple moving average of $0.10 and a 200-day simple moving average of $0.12. Stardust Power has a 52-week low of $0.05 and a 52-week high of $0.29.

Stardust Power Company Profile

Stardust Power Inc is a U.S.-based developer of lithium refining facilities focused on producing battery-grade lithium carbonate for the electric vehicle, energy storage and broader battery markets. The company’s strategy is centered on establishing a domestic lithium supply chain and reducing reliance on overseas processing.

Stardust Power’s flagship project is a planned lithium refinery in Muskogee, Oklahoma. The facility is intended to process lithium-bearing raw materials into battery-grade lithium carbonate, although the project remains subject to development, financing, permitting and construction requirements.