Lotus Resources Limited (OTCMKTS:LTSRF) Sees Significant Increase in Short Interest

Lotus Resources Limited (OTCMKTS:LTSRFGet Free Report) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 8,057,500 shares, a growth of 24.8% from the September 30th total of 6,456,300 shares. Based on an average daily volume of 1,077,200 shares, the short-interest ratio is presently 7.5 days.

Lotus Resources Price Performance

Shares of LTSRF stock traded up $0.00 during mid-day trading on Wednesday, reaching $0.18. The stock had a trading volume of 96,380 shares, compared to its average volume of 484,969. The firm’s 50 day simple moving average is $0.18 and its 200 day simple moving average is $0.22. Lotus Resources has a one year low of $0.13 and a one year high of $0.35.

Lotus Resources Company Profile

(Get Free Report)

Lotus Resources Limited engages in the exploration, evaluation, and development of uranium properties in Africa. It primarily owns an 85% interest in the Kayelekera uranium project located in Malawi; and holds a 100% interest in the Letlhakane uranium project situated in Botswana. The company was formerly known as Hylea Metals Limited and changed its name to Lotus Resources Limited in August 2019.

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