Lithium Ionic Corp. (OTCMKTS:LTHCF) Stock Short Interest Report for October

Lithium Ionic Corp. (OTCMKTS:LTHCF) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 100,767 shares, a decline of 49.8% from the September 30th total of 200,594 shares. Based on an average daily volume of 12,421 shares, the days-to-cover ratio is presently 8.1 days.

Lithium Ionic Price Performance

Shares of Lithium Ionic stock remained flat at $0.28 during trading hours on Friday. 1,000 shares of the stock traded hands, compared to its average volume of 27,978. The firm has a fifty day moving average price of $0.39 and a two-hundred day moving average price of $0.61. Lithium Ionic has a 52 week low of $0.27 and a 52 week high of $1.06.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets downgraded shares of Lithium Ionic from an “outperform” rating to a “market perform” rating in a research note on Monday, August 3rd. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About Lithium Ionic

Lithium Ionic Corp. (OTCMKTS:LTHCF) is a Canadian mineral exploration and development company focused on lithium projects in Brazil. The company is advancing lithium-pegmatite properties in Minas Gerais, a region known as Brazil’s Lithium Valley and home to established lithium producers and developers.

Lithium Ionic’s principal assets include the Bandeira project and other exploration properties in the Itinga and Salinas regions of Minas Gerais. Its activities include geological mapping, drilling, resource evaluation, metallurgical testing and the assessment of potential development strategies for hard-rock lithium deposits.