Lake Resources NL (OTCMKTS:LLKKF) Sees Significant Decline in Short Interest

Lake Resources NL (OTCMKTS:LLKKF – Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 6,222 shares, a drop of 98.8% from the September 30th total of 500,000 shares. Based on an average daily volume of 199,826 shares, the days-to-cover ratio is presently 0.0 days.

Lake Resources Stock Performance

OTCMKTS LLKKF opened at $0.02 on Tuesday. Lake Resources has a 1 year low of $0.02 and a 1 year high of $0.11. The company has a fifty day moving average of $0.03 and a 200 day moving average of $0.05.

About Lake Resources

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Lake Resources N.L. is an Australian lithium development company focused on advancing lithium-brine projects in Argentina. The company’s principal asset is the Kachi Lithium Brine Project in Catamarca Province, which is designed to produce lithium carbonate for use in electric vehicle batteries, energy-storage systems and other applications.

Lake Resources has pursued direct lithium extraction (DLE) technology at Kachi, working with technology partners to selectively extract lithium from brine while returning much of the treated brine to the subsurface.

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