Short Interest in Pensana Plc (OTCMKTS:PNSPF) Increases By 400.0%

Pensana Plc (OTCMKTS:PNSPF) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 12,500 shares, an increase of 400.0% from the November 30th total of 2,500 shares. Based on an average daily trading volume, of 2,000 shares, the short-interest ratio is currently 6.3 days.

Pensana Stock Performance

Shares of OTCMKTS PNSPF remained flat at C$0.34 during mid-day trading on Thursday. The stock’s 50-day moving average is C$0.32 and its 200 day moving average is C$0.25. Pensana has a 1 year low of C$0.19 and a 1 year high of C$0.35.

Pensana Company Profile

Pensana Plc engages in the exploration and development of mineral properties in Angola. The company primarily explores for neodymium and praseodymium (NdPr) deposits. Its flagship assets are the Saltend rare earth project located in the United Kingdom and the Longonjo NdPr project located in Angola. The company was formerly known as Pensana Rare Earths Plc and changed its name to Pensana Plc in February 2021.