Eureka Lithium Corp. (OTCMKTS:UREKF) Sees Large Increase in Short Interest

Eureka Lithium Corp. (OTCMKTS:UREKF) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 4,802 shares, an increase of 480,100.0% from the January 29th total of 1 shares. Based on an average daily trading volume, of 4,637 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily trading volume, of 4,637 shares, the days-to-cover ratio is presently 1.0 days.

Eureka Lithium Stock Performance

Shares of UREKF opened at $0.34 on Friday. The firm’s 50-day moving average is $0.26 and its two-hundred day moving average is $0.21. Eureka Lithium has a twelve month low of $0.04 and a twelve month high of $0.91.

About Eureka Lithium

Eureka Lithium Corp., a junior mining company, engages in the acquisition, exploration, and development of mineral properties in Canada. It has an option to acquire a 75% interest in the North McKinney property comprises five mineral claims totaling 1,289 hectares located on the southeast slope of Mt. Baldy in southern British Columbia. The company was formerly known as Scout Minerals Corp. and changed its name to Eureka Lithium Corp. in June 2023. The company was incorporated in 2021 and is headquartered in Vancouver, Canada.