Short Interest in Ganfeng Lithium Group Co., Ltd. (OTCMKTS:GNENF) Increases By 30.9%

Ganfeng Lithium Group Co., Ltd. (OTCMKTS:GNENF) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totaling 9,709,611 shares, a growth of 30.9% from the March 15th total of 7,417,897 shares. Based on an average daily trading volume, of 8,967 shares, the days-to-cover ratio is presently 1,082.8 days.

Ganfeng Lithium Group Stock Down 5.0%

Shares of OTCMKTS GNENF traded down $0.54 during mid-day trading on Wednesday, hitting $10.16. 5,508 shares of the company’s stock traded hands, compared to its average volume of 6,975. The company’s 50-day moving average is $8.26 and its two-hundred day moving average is $7.32. Ganfeng Lithium Group has a 1 year low of $2.21 and a 1 year high of $10.70.

About Ganfeng Lithium Group

Ganfeng Lithium Group Co, Ltd. (OTCMKTS: GNENF) is one of the world’s leading producers of lithium compounds and materials, with its headquarters in Xinyu, Jiangxi Province, China. Established in December 2000, the company specializes in the extraction, refining and processing of lithium resources, serving as a key supplier to the global electric vehicle and battery industries. Ganfeng’s product portfolio includes battery-grade lithium carbonate, lithium hydroxide and metal lithium, which are integral raw materials for lithium-ion batteries, glass and ceramics, lubricants and other industrial applications.

The company’s core operations encompass upstream mining and exploration, midstream refining and downstream electrode materials and recycling services.