Lithium Corporation (OTCMKTS:LTUM) Sees Large Increase in Short Interest

Lithium Corporation (OTCMKTS:LTUM) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 454,300 shares, an increase of 14,554.8% from the September 30th total of 3,100 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 12,544,100 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 12,544,100 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.4% of the shares of the stock are sold short.

Lithium Stock Performance

OTCMKTS LTUM opened at $0.16 on Tuesday. The stock’s 50-day simple moving average is $0.10 and its two-hundred day simple moving average is $0.06. Lithium has a twelve month low of $0.02 and a twelve month high of $0.44.

About Lithium

Lithium Corporation, an exploration stage mining company, engages in the identification, acquisition, and exploration of metals and minerals in Nevada and British Columbia. It explores for lithium/boron/potassium, graphite, gold, and silver deposits, as well as titanium and rare earth elements. The company was formerly known as Utalk Communications Inc and changed its name to Lithium Corporation in September 2009.