Liontown Resources Limited (OTCMKTS:LINRF) Stock Short Interest Jumps 46.8%

Liontown Resources Limited (OTCMKTS:LINRF) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 9,265,502 shares, a growth of 46.8% from the August 31st total of 6,313,444 shares. Based on an average daily volume of 1,711 shares, the days-to-cover ratio is currently 5,415.3 days.

Liontown Resources Stock Performance

Shares of LINRF traded down C$0.07 during trading hours on Thursday, hitting C$0.57. The stock had a trading volume of 69,650 shares, compared to its average volume of 13,723. The firm has a 50-day moving average price of C$0.82 and a 200 day moving average price of C$1.18. Liontown Resources has a fifty-two week low of C$0.55 and a fifty-two week high of C$1.90.

About Liontown Resources

Liontown Resources Limited is an Australian lithium mining and development company headquartered in Perth, Western Australia. The company’s primary focus is the exploration, development and operation of lithium assets, with an emphasis on producing spodumene concentrate for the global battery materials supply chain.

Liontown’s flagship asset is the Kathleen Valley Lithium Project in Western Australia’s northern Goldfields region. The project is designed to include an underground lithium mine and a processing facility that produces spodumene concentrate.