Short Interest in Lithium Ionic Corp. (OTCMKTS:LTHCF) Drops By 70.4%

Lithium Ionic Corp. (OTCMKTS:LTHCF) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 103,013 shares, a decrease of 70.4% from the May 14th total of 348,448 shares. Based on an average daily volume of 13,067 shares, the short-interest ratio is presently 7.9 days.

Lithium Ionic Stock Performance

OTCMKTS LTHCF remained flat at $0.54 on Friday. The company’s stock had a trading volume of 90 shares, compared to its average volume of 27,279. The stock’s 50 day simple moving average is $0.77 and its two-hundred day simple moving average is $0.76. Lithium Ionic has a 1-year low of $0.38 and a 1-year high of $1.06.

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.