Lithium Ionic Corp. (OTCMKTS:LTHCF) Short Interest Update

Lithium Ionic Corp. (OTCMKTS:LTHCF) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 658,994 shares, a growth of 275.8% from the July 15th total of 175,380 shares. Based on an average trading volume of 6,928 shares, the short-interest ratio is presently 95.1 days.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets lowered Lithium Ionic from an “outperform” rating to a “market perform” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Lithium Ionic Stock Down 2.8%

LTHCF stock opened at $0.37 on Thursday. The stock’s 50 day simple moving average is $0.50 and its 200 day simple moving average is $0.68. Lithium Ionic has a 12-month low of $0.27 and a 12-month high of $1.06.

Lithium Ionic Company Profile

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.