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

Lithium Ionic Corp. (OTCMKTS:LTHCF) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 348,448 shares, a decrease of 58.0% from the April 30th total of 830,559 shares. Based on an average daily trading volume, of 24,712 shares, the days-to-cover ratio is currently 14.1 days.

Lithium Ionic Trading Down 3.4%

Shares of LTHCF traded down $0.03 during mid-day trading on Tuesday, reaching $0.75. 12,600 shares of the company’s stock traded hands, compared to its average volume of 28,863. The stock’s 50-day moving average is $0.79 and its two-hundred day moving average is $0.75. Lithium Ionic has a 12 month low of $0.38 and a 12 month high of $1.06.

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.