Sayona Mining Limited (OTCMKTS:SYAXF) Sees Significant Decrease in Short Interest

Sayona Mining Limited (OTCMKTS:SYAXF) saw a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 252,956 shares, a drop of 13.1% from the January 15th total of 291,080 shares. Based on an average daily trading volume, of 47,154 shares, the days-to-cover ratio is presently 5.4 days. Based on an average daily trading volume, of 47,154 shares, the days-to-cover ratio is presently 5.4 days.

Sayona Mining Stock Up 5.0%

Shares of Sayona Mining stock opened at $5.25 on Wednesday. The company has a 50 day moving average price of $5.29 and a 200 day moving average price of $3.60. Sayona Mining has a 52 week low of $0.94 and a 52 week 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.