Short Interest in Neo Lithium Corp. (OTCMKTS:NTTHF) Expands By 552.5%

Neo Lithium Corp. (OTCMKTS:NTTHF) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 65,900 shares, an increase of 552.5% from the September 15th total of 10,100 shares. Based on an average daily trading volume, of 304,000 shares, the days-to-cover ratio is presently 0.2 days.

Several brokerages have weighed in on NTTHF. Stifel Nicolaus downgraded shares of Neo Lithium from a “buy” rating to a “hold” rating in a report on Wednesday. Industrial Alliance Securities cut shares of Neo Lithium from a “buy” rating to a “hold” rating and set a C$6.50 price objective on the stock. in a research report on Tuesday.

Shares of NTTHF traded down $0.01 during trading hours on Thursday, reaching $5.01. 590,146 shares of the company traded hands, compared to its average volume of 246,606. Neo Lithium has a 12-month low of $0.69 and a 12-month high of $5.30. The stock’s fifty day moving average price is $3.66 and its 200 day moving average price is $2.74.

About Neo Lithium

Neo Lithium Corp. engages in the exploration and development of resource properties. It focuses on lithium salar and brine reservoir complex in Catamarca Province, Argentina. The company was founded on January 15, 2016 and is headquartered in Toronto, Canada.

Further Reading: Capital Gains

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