Lithium Ionic Corp. (OTCMKTS:LTHCF) Sees Significant Growth in Short Interest

Lithium Ionic Corp. (OTCMKTS:LTHCF) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totalling 787,400 shares, a growth of 18.4% from the May 31st total of 665,100 shares. Based on an average trading volume of 54,300 shares, the days-to-cover ratio is currently 14.5 days.

Lithium Ionic Stock Performance

OTCMKTS:LTHCF traded up $0.02 during mid-day trading on Tuesday, hitting $0.42. 12,770 shares of the company’s stock traded hands, compared to its average volume of 20,483. The firm’s 50 day simple moving average is $0.60 and its 200 day simple moving average is $0.71. Lithium Ionic has a 1 year low of $0.39 and a 1 year high of $2.09.

Lithium Ionic Company Profile

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.