Eureka Lithium Corp. (OTCMKTS:UREKF) Sees Large Increase in Short Interest

Eureka Lithium Corp. (OTCMKTS:UREKF) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 4,802 shares, an increase of 480,100.0% from the January 29th total of 1 shares. Based on an average daily trading volume, of 4,637 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily trading volume, of 4,637 shares, the days-to-cover ratio is currently 1.0 days.

Eureka Lithium Stock Up 0.4%

Shares of OTCMKTS:UREKF opened at $0.34 on Thursday. The firm’s 50-day simple moving average is $0.26 and its 200-day simple moving average is $0.21. Eureka Lithium has a fifty-two week low of $0.04 and a fifty-two week high of $0.91.

Eureka Lithium Company Profile

Eureka Lithium Corp., a junior mining company, engages in the acquisition, exploration, and development of mineral properties in Canada. It has an option to acquire a 75% interest in the North McKinney property comprises five mineral claims totaling 1,289 hectares located on the southeast slope of Mt. Baldy in southern British Columbia. The company was formerly known as Scout Minerals Corp. and changed its name to Eureka Lithium Corp. in June 2023. The company was incorporated in 2021 and is headquartered in Vancouver, Canada.