Short Interest in Pensana Plc (OTCMKTS:PNSPF) Rises By 16.4%

Pensana Plc (OTCMKTS:PNSPF) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 2,836 shares, an increase of 16.4% from the March 31st total of 2,436 shares. Based on an average daily volume of 1,469 shares, the days-to-cover ratio is presently 1.9 days.

Pensana Price Performance

PNSPF stock remained flat at C$1.26 during mid-day trading on Friday. Pensana has a 52 week low of C$0.41 and a 52 week high of C$2.58. The firm’s fifty day simple moving average is C$1.33 and its 200 day simple moving average is C$1.39.

About Pensana

Pensana Plc is a critical metals company engaged in the exploration, development and processing of rare earth elements essential for clean energy and high?technology applications. The company’s flagship asset is the Longonjo rare earths project in Angola, which is being advanced toward production of neodymium and praseodymium—key magnets in electric vehicles, wind turbines and consumer electronics. Pensana has structured its operations to address both upstream mining and downstream beneficiation, ensuring that its concentrate is processed into separated rare earth oxides.

To support a robust and secure supply chain, Pensana is developing the Saltend rare earth processing facility in the United Kingdom.