Lithium Ionic Corp. (OTCMKTS:LTHCF) Short Interest Down 58.0% in May

Lithium Ionic Corp. (OTCMKTS:LTHCF) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 348,448 shares, a decline of 58.0% from the April 30th total of 830,559 shares. Based on an average daily trading volume, of 24,712 shares, the short-interest ratio is presently 14.1 days.

Lithium Ionic Stock Up 8.1%

OTCMKTS LTHCF traded up $0.06 during trading on Friday, reaching $0.78. 4,510 shares of the stock traded hands, compared to its average volume of 29,046. The stock’s 50-day moving average price is $0.79 and its 200 day moving average price is $0.75. Lithium Ionic has a fifty-two week low of $0.38 and a fifty-two week 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.