Sayona Mining Limited (OTCMKTS:SYAXF) Short Interest Up 102.8% in February

Sayona Mining Limited (OTCMKTS:SYAXF) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 512,944 shares, an increase of 102.8% from the January 29th total of 252,956 shares. Based on an average daily volume of 9,337 shares, the short-interest ratio is presently 54.9 days. Based on an average daily volume of 9,337 shares, the short-interest ratio is presently 54.9 days.

Sayona Mining Stock Performance

SYAXF opened at $5.39 on Friday. Sayona Mining has a 12 month low of $0.94 and a 12 month high of $6.87. The company has a fifty day simple moving average of $5.43 and a 200 day simple moving average of $3.73.

Sayona Mining Company Profile

Sayona Mining Inc (OTCMKTS:SYAXF) is a mineral exploration and development company focused on advancing high-grade lithium projects in North America and Australia. The company’s principal activities include the exploration, evaluation and development of lithium deposits to supply the growing demand for lithium-ion batteries in electric vehicles and energy storage systems. Sayona aims to establish a vertically integrated supply chain for lithium concentrate production and downstream processing.

In Canada, Sayona Mining controls several key projects in the province of Quebec, including the fully permitted Authier Lithium Project and the Moblan Lithium Project near the James Bay region.