Short Interest in Ilika plc (OTCMKTS:ILIKF) Expands By 256.3%

Ilika plc (OTCMKTS:ILIKF) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 13,267 shares, an increase of 256.3% from the May 14th total of 3,724 shares. Based on an average daily trading volume, of 185,542 shares, the days-to-cover ratio is presently 0.1 days.

Ilika Trading Up 1.3%

Ilika stock traded up $0.01 during mid-day trading on Friday, hitting $0.43. 35,917 shares of the company’s stock traded hands, compared to its average volume of 50,576. The firm has a 50 day simple moving average of $0.44 and a two-hundred day simple moving average of $0.45. Ilika has a fifty-two week low of $0.30 and a fifty-two week high of $0.69.

Ilika Company Profile

Ilika plc is a UK‐based technology company founded in 2004 as a spin‐out from the University of Southampton. The company specializes in the research, development and commercialization of solid‐state battery technology, aiming to deliver safer, more robust energy storage solutions compared with conventional lithium‐ion chemistries. Headquartered in Southampton with a manufacturing and scale‐up facility at the Materials Innovation Factory in Cheshire, Ilika applies thin‐film processing techniques to create wafer‐level batteries designed for integration into miniature devices.

At the core of Ilika’s product portfolio is the Stereax range of all‐solid‐state micro‐batteries.