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

Core Lithium Ltd (OTCMKTS:CXOXF) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 1,985,305 shares, a growth of 288.6% from the October 15th total of 510,930 shares. Based on an average daily volume of 7,205 shares, the days-to-cover ratio is currently 275.5 days.

Core Lithium Stock Performance

Shares of Core Lithium stock opened at C$0.17 on Friday. The stock’s 50 day simple moving average is C$0.20 and its 200-day simple moving average is C$0.20. Core Lithium has a 1-year low of C$0.08 and a 1-year high of C$0.30.

About Core Lithium

Core Lithium is an Australian lithium exploration and development company focused on identifying and advancing lithium resources. Its flagship asset is the Finniss Lithium Project in the Northern Territory, near Darwin, where the company has developed operations to produce spodumene concentrate, a lithium-bearing material used in battery supply chains. Finniss began producing spodumene concentrate in 2022. Core Lithium has also conducted exploration and project development activities in the Northern Territory as it works to advance its lithium assets.