Neometals Ltd (OTCMKTS:RRSSF) Short Interest Down 69.3% In April

Neometals Ltd (OTCMKTS:RRSSF – Get Rating) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totalling 5,100 shares, a decline of 69.3% from the April 15th total of 16,600 shares. Based on an average daily volume of 9,300 shares, the days-to-cover ratio is currently 0.5 days.

RRSSF traded up 0.01 during trading on Thursday, hitting 0.89. The stock had a trading volume of 29,800 shares, compared to its average volume of 22,059. The company has a 50 day moving average price of 1.21 and a 200-day moving average price of 1.01. Neometals has a one year low of 0.35 and a one year high of 1.50.

Neometals Company Profile

Neometals Ltd explores and evaluates mineral projects in Australia. The company operates through three segments: Lithium, Titanium/Vanadium, and Other. Its projects include the Lithium-ion Battery Recycling project, which recovers cobalt and other materials from spent and scrap lithium batteries; Vanadium Recovery project, which recovers vanadium pentoxide from processing by-products; Lithium Refinery project; and Barrambie Titanium and Vanadium project located in Western Australia.

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