Lithium Ionic Corp. (OTCMKTS:LTHCF) Short Interest Up 275.8% in July

Lithium Ionic Corp. (OTCMKTS:LTHCF) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 658,994 shares, an increase of 275.8% from the July 15th total of 175,380 shares. Based on an average trading volume of 6,928 shares, the days-to-cover ratio is currently 95.1 days.

Lithium Ionic Price Performance

Shares of Lithium Ionic stock traded up $0.00 during trading on Friday, hitting $0.48. 400 shares of the company were exchanged, compared to its average volume of 25,483. The firm’s fifty day moving average price is $0.49 and its 200 day moving average price is $0.68. Lithium Ionic has a 1-year low of $0.27 and a 1-year high of $1.06.

Analyst Ratings Changes

Separately, BMO Capital Markets lowered shares of Lithium Ionic from an “outperform” rating to a “market perform” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

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.