Lithium Ionic Corp. (OTCMKTS:LTHCF) Stock Short Interest Climbs 142.6%

Lithium Ionic Corp. (OTCMKTS:LTHCF) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 200,594 shares, an increase of 142.6% from the September 15th total of 82,673 shares. Based on an average daily volume of 81,521 shares, the short-interest ratio is presently 2.5 days.

Analyst Upgrades and Downgrades

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

Lithium Ionic Stock Down 19.1%

Shares of LTHCF opened at $0.35 on Thursday. Lithium Ionic has a twelve month low of $0.27 and a twelve month high of $1.06. The company has a 50 day moving average of $0.41 and a 200-day moving average of $0.57.

About Lithium Ionic

Lithium Ionic Corp. is a Canadian mineral exploration and development company focused on advancing lithium projects in Brazil. The company’s primary objective is to discover and develop hard-rock lithium deposits that may support future production of spodumene concentrate, a key raw material used in the manufacture of lithium-ion batteries.

The company’s principal assets are located in Minas Gerais, Brazil, within the Jequitinhonha Valley, a region known for its lithium-bearing pegmatites and established mining infrastructure.