Eureka Lithium Corp. (OTCMKTS:UREKF) Sees Significant Decrease in Short Interest

Eureka Lithium Corp. (OTCMKTS:UREKF) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 7,493 shares, a decrease of 49.6% from the August 15th total of 14,880 shares. Based on an average daily trading volume, of 1,184 shares, the days-to-cover ratio is currently 6.3 days.

Eureka Lithium Stock Performance

OTCMKTS:UREKF opened at $0.24 on Tuesday. The company has a 50-day moving average of $0.25 and a 200-day moving average of $0.30. Eureka Lithium has a twelve month low of $0.00 and a twelve month high of $0.91.

About Eureka Lithium

Eureka Lithium Corp., a junior mining company, engages in the acquisition, exploration, and development of mineral properties in Canada. It has an option to acquire a 75% interest in the North McKinney property comprises five mineral claims totaling 1,289 hectares located on the southeast slope of Mt. Baldy in southern British Columbia. The company was formerly known as Scout Minerals Corp. and changed its name to Eureka Lithium Corp. in June 2023. The company was incorporated in 2021 and is headquartered in Vancouver, Canada.