Stardust Power Inc. (NASDAQ:SDSTW) Shares Shorted: Short Interest Up 75.3% in September

Stardust Power Inc. (NASDAQ:SDSTW) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 2,330 shares, an increase of 75.3% from the September 15th total of 1,329 shares. Based on an average trading volume of 7,719 shares, the days-to-cover ratio is presently 0.3 days.

Stardust Power Price Performance

NASDAQ SDSTW remained flat at $0.07 during mid-day trading on Friday. The company’s stock had a trading volume of 2,212 shares, compared to its average volume of 11,370. Stardust Power has a 12-month low of $0.05 and a 12-month high of $0.29. The firm’s fifty day simple moving average is $0.10 and its two-hundred day simple moving average is $0.12.

Stardust Power Company Profile

Stardust Power Inc is a development-stage lithium company focused on building a vertically integrated domestic supply chain for battery-grade lithium products. The company is developing lithium refining facilities intended to process lithium-bearing feedstock into materials used in electric vehicle batteries, energy-storage systems and other applications.

Stardust Power’s flagship project is a planned lithium refinery in Muskogee, Oklahoma. The facility is designed to produce battery-grade lithium carbonate and support the company’s objective of expanding lithium refining capacity in the United States.