Stardust Power Inc. (NASDAQ:SDSTW – Get Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 2,330 shares, a growth of 75.3% from the September 15th total of 1,329 shares. Based on an average trading volume of 7,719 shares, the days-to-cover ratio is currently 0.3 days.
Stardust Power Trading Up 25.6%
Shares of SDSTW traded up $0.02 during mid-day trading on Thursday, reaching $0.09. 1,000 shares of the stock traded hands, compared to its average volume of 11,362. The stock has a fifty day simple moving average of $0.10 and a 200 day simple moving average of $0.12. Stardust Power has a 12-month low of $0.05 and a 12-month high of $0.29.
Stardust Power Company Profile
Stardust Power Inc is a development-stage lithium company focused on building a vertically integrated domestic supply chain for battery-grade lithium products. The company is developing lithium refining facilities intended to process lithium-bearing feedstock into materials used in electric vehicle batteries, energy-storage systems and other applications.
Stardust Power’s flagship project is a planned lithium refinery in Muskogee, Oklahoma. The facility is designed to produce battery-grade lithium carbonate and support the company’s objective of expanding lithium refining capacity in the United States.
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