Neo Lithium Corp. (OTCMKTS:NTTHF) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 65,900 shares, an increase of 552.5% from the September 15th total of 10,100 shares. Based on an average daily volume of 304,000 shares, the days-to-cover ratio is presently 0.2 days.
Several research analysts recently weighed in on NTTHF shares. Stifel Nicolaus cut shares of Neo Lithium from a “buy” rating to a “hold” rating in a report on Wednesday. Industrial Alliance Securities cut shares of Neo Lithium from a “buy” rating to a “hold” rating and set a C$6.50 target price on the stock. in a research note on Tuesday.
Shares of OTCMKTS NTTHF traded down $0.01 during midday trading on Thursday, hitting $5.01. The company’s stock had a trading volume of 590,146 shares, compared to its average volume of 246,606. The stock has a fifty day moving average price of $3.66 and a 200 day moving average price of $2.74. Neo Lithium has a one year low of $0.69 and a one year high of $5.30.
Neo Lithium Corp. engages in the exploration and development of resource properties. It focuses on lithium salar and brine reservoir complex in Catamarca Province, Argentina. The company was founded on January 15, 2016 and is headquartered in Toronto, Canada.
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