Short Interest In Neometals Ltd Declines By 17.6%

Neometals Ltd (OTCMKTS:RRSSF – Get Rating) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totalling 4,200 shares, a drop of 17.6% from the April 30th total of 5,100 shares. Based on an average daily trading volume, of 65,900 shares, the days-to-cover ratio is presently 0.1 days.
Shares of Neometals stock opened at 0.93 on Tuesday. Neometals has a one year low of 0.36 and a one year high of 1.50. The business’s 50 day moving average price is 1.16 and its 200 day moving average price is 1.03.
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.