Pensana Plc (OTCMKTS:PNSPF) Short Interest Up 1,124.7% in August

Pensana Plc (OTCMKTS:PNSPF) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 10,116 shares, an increase of 1,124.7% from the August 15th total of 826 shares. Based on an average daily volume of 2,572 shares, the days-to-cover ratio is currently 3.9 days.

Pensana Price Performance

Shares of PNSPF traded down C$0.06 during mid-day trading on Thursday, reaching C$0.88. The company’s stock had a trading volume of 2,900 shares, compared to its average volume of 3,503. The business has a fifty day moving average of C$0.98 and a 200 day moving average of C$1.19. Pensana has a 1 year low of C$0.78 and a 1 year high of C$2.58.

Pensana Company Profile

Pensana Plc is a critical metals company engaged in the exploration, development and processing of rare earth elements essential for clean energy and high‐technology applications. The company’s flagship asset is the Longonjo rare earths project in Angola, which is being advanced toward production of neodymium and praseodymium—key magnets in electric vehicles, wind turbines and consumer electronics. Pensana has structured its operations to address both upstream mining and downstream beneficiation, ensuring that its concentrate is processed into separated rare earth oxides.

To support a robust and secure supply chain, Pensana is developing the Saltend rare earth processing facility in the United Kingdom.