Ilika plc (OTCMKTS:ILIKF) Sees Significant Decline in Short Interest

Ilika plc (OTCMKTS:ILIKF) was the target of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 33,501 shares, a drop of 78.9% from the October 15th total of 158,575 shares. Based on an average daily volume of 75,066 shares, the days-to-cover ratio is currently 0.4 days.

Ilika Trading Down 1.1%

Shares of OTCMKTS:ILIKF traded down $0.00 during trading on Friday, reaching $0.25. 1,377 shares of the stock were exchanged, compared to its average volume of 45,110. Ilika has a 12 month low of $0.22 and a 12 month high of $0.62. The stock has a 50-day moving average price of $0.29 and a 200-day moving average price of $0.37.

About Ilika

Ilika plc is a UK-based company that develops solid-state battery technology. Founded in 2004 as a spinout from the University of Southampton, it works on batteries for applications ranging from miniature electronic devices to electric vehicles. Its Stereax technology is designed for compact batteries used in applications such as medical devices and industrial sensors. Its Goliath platform is aimed at larger-format batteries for electric vehicles and other demanding applications. Based in the United Kingdom, Ilika develops its technology for commercial use with customers and partners in battery and electronics markets.