Allkem Limited (OTCMKTS:OROCF) Short Interest Up 27.3% in April

Allkem Limited (OTCMKTS:OROCFGet Rating) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 464,400 shares, a growth of 27.3% from the March 31st total of 364,700 shares. Based on an average daily trading volume, of 116,100 shares, the short-interest ratio is currently 4.0 days.

Separately, HSBC upgraded shares of Allkem from a “hold” rating to a “buy” rating in a report on Thursday, January 27th.

OTCMKTS:OROCF traded up $0.10 on Monday, hitting $8.55. The stock had a trading volume of 26,400 shares, compared to its average volume of 54,638. Allkem has a 1 year low of $4.23 and a 1 year high of $10.36. The firm’s fifty day simple moving average is $8.20 and its two-hundred day simple moving average is $7.38.

Allkem Company Profile (Get Rating)

Allkem Limited engages in the exploration, development, and production of lithium and boron in Argentina. The company's flagship project is the Olaroz Lithium Facility located in Jujuy province in northern Argentina. Allkem Limited was incorporated in 2005 and is based in Brisbane, Australia.

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