Liontown Resources Limited (OTCMKTS:LINRF) Sees Significant Decrease in Short Interest

Liontown Resources Limited (OTCMKTS:LINRF) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 17,743,100 shares, a drop of 24.2% from the February 13th total of 23,409,900 shares. Based on an average daily trading volume, of 4,100 shares, the days-to-cover ratio is currently 4,327.6 days.

Liontown Resources Price Performance

Shares of LINRF stock opened at C$0.40 on Monday. The stock has a 50-day simple moving average of C$0.41 and a 200 day simple moving average of C$0.46. Liontown Resources has a fifty-two week low of C$0.31 and a fifty-two week high of C$1.10.

Liontown Resources Company Profile

Liontown Resources Limited engages in the exploration, evaluation, and development of mineral properties in Australia. The company explores for lithium, gold, vanadium, copper, and nickel deposits, as well as platinum group elements. Its flagship property is the Kathleen Valley lithium project located in Perth, Western Australia.