Ganfeng Lithium Group Co., Ltd. (OTCMKTS:GNENF) Sees Large Decline in Short Interest

Ganfeng Lithium Group Co., Ltd. (OTCMKTS:GNENF) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 7,987,800 shares, a drop of 17.5% from the May 31st total of 9,679,700 shares. Based on an average trading volume of 16,100 shares, the short-interest ratio is currently 496.1 days.

Ganfeng Lithium Group Price Performance

Shares of GNENF stock traded down $0.07 during trading hours on Tuesday, hitting $1.93. 9,482 shares of the company’s stock traded hands, compared to its average volume of 11,521. The stock’s 50 day simple moving average is $2.80 and its 200 day simple moving average is $3.05. Ganfeng Lithium Group has a 12 month low of $1.76 and a 12 month high of $6.80.

About Ganfeng Lithium Group

Ganfeng Lithium Group Co, Ltd. manufactures and sells lithium products in Mainland China, rest of Asia, the European Union, North America, and internationally. It operates through three segments: Lithium Metal and Compound, Lithium Battery, and Lithium Ore Resource and Others. The company has interests in the Mount Marion mine located in Australia; Cauchari-Olaroz project situated in Jujuy Province, Northwest Argentina; Mariana project located in Salta Province, Argentina; Sonora project situated in Mexico; Pilbara Pilgangoora lithium-tantalum project located in Western Australia; Ningdu Heyuan mine situated in Ningdu County, Ganzhou City, Jiangxi Province; Avalonia project located in Ireland; Qinghai Yiliping lithium salt lake project situated in the Qinghai Province; Goulamina spodumene ore project located in southern Mali, Africa; PPG lithium salt-lake project located in Salta Province, Argentina; and Songshugang tantalum-niobium mine project located in Jiangxi Province.