South Star Battery Metals Corp. (OTCMKTS:STSBF) Stock Short Interest Declines 49.3%

South Star Battery Metals Corp. (OTCMKTS:STSBF) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 67,954 shares, a decline of 49.3% from the August 31st total of 133,909 shares. Based on an average trading volume of 39,508 shares, the days-to-cover ratio is currently 1.7 days.

South Star Battery Metals Stock Performance

Shares of STSBF remained flat at $0.18 on Wednesday. 26,310 shares of the company were exchanged, compared to its average volume of 47,946. The company’s 50-day moving average price is $0.16 and its 200 day moving average price is $0.13. South Star Battery Metals has a one year low of $0.07 and a one year high of $0.20.

About South Star Battery Metals

South Star Battery Metals Corp. is a development-stage battery materials company focused on advancing graphite projects in the Americas. Graphite is a key material used in lithium-ion battery anodes, and the company’s strategy is centered on developing vertically integrated sources of natural graphite concentrate and related battery-grade products.

The company’s principal asset is the Santa Cruz Graphite Project in Bahia, Brazil. South Star has been advancing the project through permitting, construction and production planning, with the goal of producing natural flake graphite concentrate for customers in the battery, industrial and specialty materials markets.

South Star also owns the BamaStar Graphite Project in Alabama, which is intended to provide a potential domestic source of graphite for the North American battery supply chain.