Liontown Resources Limited (OTCMKTS:LINRF) Short Interest Update

Liontown Resources Limited (OTCMKTS:LINRF) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 26,375,300 shares, an increase of 19.6% from the August 15th total of 22,051,700 shares. Based on an average daily volume of 65,900 shares, the short-interest ratio is presently 400.2 days.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded Liontown Resources from a “sell” rating to a “neutral” rating in a research note on Tuesday, September 5th.

Liontown Resources Stock Performance

LINRF traded up C$0.09 on Monday, reaching C$1.93. The company’s stock had a trading volume of 6,820 shares, compared to its average volume of 15,154. Liontown Resources has a fifty-two week low of C$0.52 and a fifty-two week high of C$2.30. The stock has a 50 day moving average of C$1.84 and a two-hundred day moving average of C$1.77.

About Liontown Resources

Liontown Resources Limited engages in the exploration, evaluation, and development of mineral properties in Australia. The company explores for lithium, gold, vanadium, copper, and nickel deposits, as well as platinum group elements. Its flagship property is the Kathleen Valley lithium project located in Perth, Western Australia.