Sayona Mining Limited (OTCMKTS:SYAXF) Shares Shorted: Short Interest Up 59.0% in September

Sayona Mining Limited (OTCMKTS:SYAXF) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 4,767,596 shares, a growth of 59.0% from the September 15th total of 2,998,199 shares. Based on an average daily trading volume, of 3,425 shares, the days-to-cover ratio is currently 1,392.0 days.

Sayona Mining Stock Performance

OTCMKTS SYAXF opened at $2.96 on Friday. Sayona Mining has a fifty-two week low of $2.24 and a fifty-two week high of $10.00. The stock’s 50-day moving average is $5.02 and its two-hundred day moving average is $6.49.

About Sayona Mining

Sayona Mining Limited is an Australian mineral resources company focused on the exploration, development and production of lithium. Its principal product is spodumene concentrate, a lithium-bearing mineral used in the manufacture of lithium-ion batteries for electric vehicles and energy-storage systems.

The company’s primary asset has been the North American Lithium operation in Quebec, Canada, which includes an open-pit mine and processing facilities near La Corne. Sayona has also pursued additional lithium development opportunities in Quebec, including the Authier Lithium Project, and has maintained a portfolio of exploration interests in Australia.

Sayona’s strategy has centered on establishing an integrated North American lithium supply chain and serving battery-materials markets in North America and beyond.