Core Lithium Ltd (OTCMKTS:CXOXF) Sees Significant Increase in Short Interest

Core Lithium Ltd (OTCMKTS:CXOXF) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 468,094 shares, an increase of 85.3% from the September 15th total of 252,669 shares. Based on an average trading volume of 13,597 shares, the days-to-cover ratio is currently 34.4 days.

Core Lithium Stock Up 21.1%

CXOXF stock traded up C$0.03 during midday trading on Friday, hitting C$0.15. The company’s stock had a trading volume of 31,500 shares, compared to its average volume of 24,168. Core Lithium has a twelve month low of C$0.06 and a twelve month high of C$0.30. The company’s fifty day moving average price is C$0.23 and its 200 day moving average price is C$0.21.

Core Lithium Company Profile

Core Lithium Ltd. is an Australian mining and exploration company focused on the development of lithium resources in the Northern Territory. Its principal asset is the Finniss Lithium Project, located near Darwin, which is designed to produce spodumene concentrate, a lithium-bearing mineral used in the manufacture of lithium-ion batteries.

The Finniss project includes the Grants and BP33 deposits, along with additional exploration prospects. Core Lithium has historically undertaken mining, processing, resource development and exploration activities across the project area, with the broader objective of supplying lithium raw materials to battery and electric-vehicle supply chains.

Core Lithium is headquartered in Darwin and is listed on the Australian Securities Exchange under the symbol CXO, with its shares also traded over the counter in the United States under the symbol CXOXF.