Ganfeng Lithium Group Co., Ltd. (OTCMKTS:GNENF) Short Interest Update

Ganfeng Lithium Group Co., Ltd. (OTCMKTS:GNENF) was the target of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 4,426,233 shares, a growth of 21.1% from the January 29th total of 3,655,900 shares. Based on an average daily trading volume, of 8,566 shares, the days-to-cover ratio is presently 516.7 days. Based on an average daily trading volume, of 8,566 shares, the days-to-cover ratio is presently 516.7 days.

Ganfeng Lithium Group Stock Performance

GNENF stock opened at $7.15 on Friday. Ganfeng Lithium Group has a twelve month low of $1.99 and a twelve month high of $9.14. The business has a fifty day moving average of $7.81 and a 200-day moving average of $6.44.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut shares of Ganfeng Lithium Group from a “neutral” rating to a “sell” rating in a research report on Sunday, November 23rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

About Ganfeng Lithium Group

Ganfeng Lithium Group Co, Ltd. (OTCMKTS: GNENF) is one of the world’s leading producers of lithium compounds and materials, with its headquarters in Xinyu, Jiangxi Province, China. Established in December 2000, the company specializes in the extraction, refining and processing of lithium resources, serving as a key supplier to the global electric vehicle and battery industries. Ganfeng’s product portfolio includes battery-grade lithium carbonate, lithium hydroxide and metal lithium, which are integral raw materials for lithium-ion batteries, glass and ceramics, lubricants and other industrial applications.

The company’s core operations encompass upstream mining and exploration, midstream refining and downstream electrode materials and recycling services.