Pensana Plc (OTCMKTS:PNSPF) Sees Large Decline in Short Interest

Pensana Plc (OTCMKTS:PNSPF) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 2,436 shares, a decrease of 72.1% from the March 15th total of 8,735 shares. Based on an average daily volume of 1,398 shares, the days-to-cover ratio is presently 1.7 days.

Pensana Price Performance

Shares of PNSPF remained flat at C$1.35 during mid-day trading on Monday. Pensana has a 52 week low of C$0.41 and a 52 week high of C$2.58. The firm has a 50-day moving average of C$1.39 and a 200 day moving average of C$1.45.

Pensana Company Profile

Pensana Plc is a critical metals company engaged in the exploration, development and processing of rare earth elements essential for clean energy and high‐technology applications. The company’s flagship asset is the Longonjo rare earths project in Angola, which is being advanced toward production of neodymium and praseodymium—key magnets in electric vehicles, wind turbines and consumer electronics. Pensana has structured its operations to address both upstream mining and downstream beneficiation, ensuring that its concentrate is processed into separated rare earth oxides.

To support a robust and secure supply chain, Pensana is developing the Saltend rare earth processing facility in the United Kingdom.