Ilika plc (OTCMKTS:ILIKF) Sees Large Decline in Short Interest

Ilika plc (OTCMKTS:ILIKF) was the target of a significant decline in short interest in October. As of October 30th, there was short interest totaling 33,501 shares, a decline of 78.9% from the October 15th total of 158,575 shares. Based on an average daily volume of 75,066 shares, the days-to-cover ratio is currently 0.4 days.

Ilika Stock Performance

Shares of OTCMKTS ILIKF traded up $0.02 during midday trading on Thursday, reaching $0.27. The stock had a trading volume of 8,219 shares, compared to its average volume of 45,139. The stock has a 50-day moving average of $0.29 and a 200-day moving average of $0.37. Ilika has a 12-month low of $0.22 and a 12-month high of $0.62.

About Ilika

Ilika plc is a UK-based company that develops solid-state battery technology. Founded in 2004 as a spinout from the University of Southampton, it works on batteries for applications ranging from miniature electronic devices to electric vehicles. Its Stereax technology is designed for compact batteries used in applications such as medical devices and industrial sensors. Its Goliath platform is aimed at larger-format batteries for electric vehicles and other demanding applications. Based in the United Kingdom, Ilika develops its technology for commercial use with customers and partners in battery and electronics markets.