Ganfeng Lithium Group Co., Ltd. (OTCMKTS:GNENF) Short Interest Up 21.1% in February

Ganfeng Lithium Group Co., Ltd. (OTCMKTS:GNENF) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 4,426,233 shares, an increase of 21.1% from the January 29th total of 3,655,900 shares. Based on an average trading volume of 8,566 shares, the short-interest ratio is presently 516.7 days. Based on an average trading volume of 8,566 shares, the short-interest ratio is presently 516.7 days.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered Ganfeng Lithium Group from a “neutral” rating to a “sell” rating in a report on Sunday, November 23rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Ganfeng Lithium Group Stock Performance

Ganfeng Lithium Group stock opened at $7.45 on Wednesday. The stock’s fifty day moving average is $7.80 and its two-hundred day moving average is $6.43. Ganfeng Lithium Group has a 1-year low of $1.99 and a 1-year high of $9.14.

About Ganfeng Lithium Group

Ganfeng Lithium Group Co, Ltd. (OTCMKTS: GNENF) is one of the world’s leading producers of lithium compounds and materials, with its headquarters in Xinyu, Jiangxi Province, China. Established in December 2000, the company specializes in the extraction, refining and processing of lithium resources, serving as a key supplier to the global electric vehicle and battery industries. Ganfeng’s product portfolio includes battery-grade lithium carbonate, lithium hydroxide and metal lithium, which are integral raw materials for lithium-ion batteries, glass and ceramics, lubricants and other industrial applications.

The company’s core operations encompass upstream mining and exploration, midstream refining and downstream electrode materials and recycling services.