Core Lithium Ltd (OTCMKTS:CXOXF) Sees Significant Drop in Short Interest

Core Lithium Ltd (OTCMKTS:CXOXF) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 17,806 shares, a drop of 70.4% from the August 15th total of 60,130 shares. Based on an average daily trading volume, of 24,507 shares, the short-interest ratio is currently 0.7 days.

Core Lithium Stock Performance

Shares of OTCMKTS CXOXF traded down C$0.00 during midday trading on Friday, reaching C$0.25. 13,000 shares of the company were exchanged, compared to its average volume of 25,115. The stock’s 50-day moving average price is C$0.21 and its 200-day moving average price is C$0.20. Core Lithium has a one year low of C$0.06 and a one year high of C$0.30.

About Core Lithium

Core Lithium Ltd engages in the development of lithium and various metal deposits in Northern Territory and South Australia. The company primarily explores for copper, gold, silver, uranium, lead, zinc, rare earth elements, and base metals. Its flagship project is the Finniss Lithium project located to the south of Darwin port in the Northern Territory; and Shoobridge Lithium, Anningie and Barrow Creek Lithium, Blueys and Inkheart Lead/Silver, the Bynoe Gold, and Napperby uranium projects located in the Northern Territory.