Lithium Ionic Corp. (OTCMKTS:LTHCF – Get Free Report) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 103,952 shares, a decline of 84.2% from the July 30th total of 658,994 shares. Based on an average trading volume of 69,634 shares, the days-to-cover ratio is presently 1.5 days.
Analysts Set New Price Targets
Separately, BMO Capital Markets cut shares of Lithium Ionic from an “outperform” rating to a “market perform” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Lithium Ionic has an average rating of “Hold”.
View Our Latest Analysis on Lithium Ionic
Lithium Ionic Price Performance
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.
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