Short Interest in Ganfeng Lithium Group Co., Ltd. (OTCMKTS:GNENF) Grows By 22.5%

Ganfeng Lithium Group Co., Ltd. (OTCMKTS:GNENF) saw a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 5,422,476 shares, an increase of 22.5% from the February 12th total of 4,426,233 shares. Based on an average daily volume of 14,723 shares, the days-to-cover ratio is currently 368.3 days. Based on an average daily volume of 14,723 shares, the days-to-cover ratio is currently 368.3 days.

Wall Street Analysts Forecast Growth

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

Ganfeng Lithium Group Price Performance

Ganfeng Lithium Group stock opened at $8.02 on Tuesday. The company’s 50 day simple moving average is $7.94 and its 200 day simple moving average is $6.66. Ganfeng Lithium Group has a fifty-two week low of $1.99 and a fifty-two week high of $9.14.

Ganfeng Lithium Group Company Profile

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.