Liontown Resources Limited (OTCMKTS:LINRF) Short Interest Update

Liontown Resources Limited (OTCMKTS:LINRF) saw a significant decrease in short interest in April. As of April 15th, there was short interest totaling 15,570,218 shares, a decrease of 16.2% from the March 31st total of 18,582,007 shares. Based on an average daily trading volume, of 20,078 shares, the short-interest ratio is currently 775.5 days.

Liontown Resources Stock Performance

Shares of LINRF stock opened at C$1.63 on Friday. Liontown Resources has a 12 month low of C$0.34 and a 12 month high of C$1.77. The company’s fifty day moving average price is C$1.27 and its 200-day moving average price is C$1.13.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group set a $1.75 price objective on Liontown Resources and gave the company a “neutral” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Liontown Resources has an average rating of “Hold”.

About Liontown Resources

Liontown Resources Limited is an Australia-based mineral exploration and development company focused on the discovery and advancement of lithium projects for the global battery market. The company’s principal asset is the Kathleen Valley lithium project in the Eastern Goldfields region of Western Australia, where it is advancing a large-scale hard-rock lithium deposit toward production of spodumene concentrate. Liontown’s project portfolio also includes several early-stage tenements in the region that complement its flagship development site.

At Kathleen Valley, Liontown has completed extensive drilling campaigns and technical studies to define a significant mineral resource and to support engineering and environmental approvals.