Lithium Ionic Corp. (OTCMKTS:LTHCF) Sees Large Drop in Short Interest

Lithium Ionic Corp. (OTCMKTS:LTHCF) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 690,200 shares, a drop of 43.1% from the January 15th total of 1,213,100 shares. Based on an average trading volume of 13,800 shares, the short-interest ratio is currently 50.0 days.

Lithium Ionic Stock Performance

OTCMKTS:LTHCF remained flat at $0.64 during midday trading on Thursday. The business’s 50 day simple moving average is $0.58 and its two-hundred day simple moving average is $0.54. Lithium Ionic has a one year low of $0.30 and a one year high of $0.83.

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.