Pilbara Minerals Limited (OTCMKTS:PILBF) Short Interest Update

Pilbara Minerals Limited (OTCMKTS:PILBF) was the recipient of a significant growth in short interest during the month of February. As of February 29th, there was short interest totalling 16,611,800 shares, a growth of 25.0% from the February 14th total of 13,291,800 shares. Based on an average daily volume of 398,000 shares, the short-interest ratio is presently 41.7 days.

Pilbara Minerals Price Performance

PILBF traded down $0.10 during trading on Friday, hitting $2.62. 68,892 shares of the company’s stock were exchanged, compared to its average volume of 134,539. Pilbara Minerals has a 1 year low of $2.06 and a 1 year high of $3.71. The stock has a 50 day moving average price of $2.46 and a 200 day moving average price of $2.52.

About Pilbara Minerals

Pilbara Minerals Limited engages in the exploration, development, and operation of mineral resources in Australia. The company primarily explores for lithium. It primarily holds a 100% interest in the Pilgangoora lithium-tantalum project located in the Pilbara region of Western Australia. The company was incorporated in 2005 and is based in West Perth, Australia.