Liontown Resources Limited (OTCMKTS:LINRF) Stock Short Interest Jumps 46.8%

Liontown Resources Limited (OTCMKTS:LINRF) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 9,265,502 shares, an increase of 46.8% from the August 31st total of 6,313,444 shares. Based on an average trading volume of 1,711 shares, the short-interest ratio is presently 5,415.3 days.

Liontown Resources Trading Down 11.4%

OTCMKTS LINRF traded down C$0.07 on Thursday, reaching C$0.57. 69,650 shares of the company’s stock traded hands, compared to its average volume of 13,723. Liontown Resources has a fifty-two week low of C$0.55 and a fifty-two week high of C$1.90. The stock has a 50 day moving average price of C$0.82 and a 200-day moving average price of C$1.18.

Liontown Resources Company Profile

Liontown Resources Limited is an Australian lithium mining and development company headquartered in Perth, Western Australia. The company’s primary focus is the exploration, development and operation of lithium assets, with an emphasis on producing spodumene concentrate for the global battery materials supply chain.

Liontown’s flagship asset is the Kathleen Valley Lithium Project in Western Australia’s northern Goldfields region. The project is designed to include an underground lithium mine and a processing facility that produces spodumene concentrate.