Pensana Plc (OTCMKTS:PNSPF) Sees Significant Decrease in Short Interest

Pensana Plc (OTCMKTS:PNSPF) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 645 shares, a decrease of 93.6% from the August 31st total of 10,116 shares. Based on an average daily volume of 988 shares, the days-to-cover ratio is currently 0.7 days.

Pensana Stock Performance

Shares of Pensana stock remained flat at C$0.83 during midday trading on Thursday. Pensana has a twelve month low of C$0.78 and a twelve month high of C$2.58. The firm’s 50-day moving average is C$0.94 and its two-hundred day moving average is C$1.14.

About Pensana

Pensana Plc is a critical metals company engaged in the exploration, development and processing of rare earth elements essential for clean energy and high‐technology applications. The company’s flagship asset is the Longonjo rare earths project in Angola, which is being advanced toward production of neodymium and praseodymium—key magnets in electric vehicles, wind turbines and consumer electronics. Pensana has structured its operations to address both upstream mining and downstream beneficiation, ensuring that its concentrate is processed into separated rare earth oxides.

To support a robust and secure supply chain, Pensana is developing the Saltend rare earth processing facility in the United Kingdom.