Silver Elephant Mining Corp. (OTCMKTS:SILEF) Short Interest Up 185.5% in August

Silver Elephant Mining Corp. (OTCMKTS:SILEF) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 21,135 shares, a growth of 185.5% from the August 15th total of 7,402 shares. Based on an average daily trading volume, of 66,571 shares, the short-interest ratio is presently 0.3 days.

Silver Elephant Mining Stock Performance

Shares of OTCMKTS:SILEF opened at $0.10 on Monday. Silver Elephant Mining has a one year low of $0.08 and a one year high of $0.31. The business’s 50-day simple moving average is $0.10 and its 200 day simple moving average is $0.11.

Silver Elephant Mining Company Profile

Silver Elephant Mining Corp. (OTCMKTS:SILEF) is a mineral exploration and development company focused on advancing its flagship Pulacayo silver–lead–zinc project in the historic Potosí mining district of southern Bolivia. The company’s primary objective is to bring Pulacayo into production, leveraging a resource base that ranks among the highest-grade undeveloped silver deposits globally. Alongside resource definition and permitting activities, Silver Elephant is engaged in engineering studies designed to optimize mine planning, metallurgical recovery and capital efficiencies.

Headquartered in Vancouver, British Columbia, Silver Elephant maintains technical and corporate offices in La Paz and Potosí, facilitating close collaboration with Bolivian government authorities, local communities and service providers.