Critical Elements Lithium Co. (OTCMKTS:CRECF) Short Interest Up 214.0% in May

Critical Elements Lithium Co. (OTCMKTS:CRECF) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 76,697 shares, an increase of 214.0% from the May 14th total of 24,428 shares. Based on an average daily trading volume, of 70,167 shares, the days-to-cover ratio is currently 1.1 days.

Critical Elements Lithium Trading Up 3.8%

OTCMKTS:CRECF opened at $0.27 on Friday. Critical Elements Lithium has a 52-week low of $0.24 and a 52-week high of $0.45. The stock has a 50-day simple moving average of $0.30 and a 200 day simple moving average of $0.31.

About Critical Elements Lithium

Critical Elements Lithium Corporation (OTCMKTS: CRECF) is a Canadian mineral exploration and development company focused on advancing high-grade lithium and tantalum assets for the global battery market. Headquartered in Montreal, the company’s primary objective is to bring its flagship Rose Lithium-Tantalum project in the James Bay region of Quebec into commercial production. Critical Elements Lithium seeks to leverage the growing demand for lithium-ion batteries by developing a reliable North American source of battery-grade lithium concentrate.

The Rose project hosts one of the highest-grade hard-rock lithium deposits in Canada and is supported by extensive drilling, metallurgical testing and preliminary economic assessments.