Sayona Mining Limited (OTCMKTS:SYAXF) Short Interest Update

Sayona Mining Limited (OTCMKTS:SYAXF) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 291,080 shares, a decrease of 12.3% from the December 31st total of 331,898 shares. Based on an average daily trading volume, of 50,561 shares, the days-to-cover ratio is presently 5.8 days. Based on an average daily trading volume, of 50,561 shares, the days-to-cover ratio is presently 5.8 days.

Sayona Mining Stock Performance

SYAXF stock opened at $4.56 on Wednesday. The company’s fifty day simple moving average is $4.99 and its 200 day simple moving average is $3.41. Sayona Mining has a 12-month low of $0.94 and a 12-month high of $6.87.

About Sayona Mining

Sayona Mining Inc (OTCMKTS:SYAXF) is a mineral exploration and development company focused on advancing high-grade lithium projects in North America and Australia. The company’s principal activities include the exploration, evaluation and development of lithium deposits to supply the growing demand for lithium-ion batteries in electric vehicles and energy storage systems. Sayona aims to establish a vertically integrated supply chain for lithium concentrate production and downstream processing.

In Canada, Sayona Mining controls several key projects in the province of Quebec, including the fully permitted Authier Lithium Project and the Moblan Lithium Project near the James Bay region.