Short Interest in Pensana Plc (OTCMKTS:PNSPF) Drops By 72.2%

Pensana Plc (OTCMKTS:PNSPF) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 2,500 shares, a decrease of 72.2% from the August 15th total of 9,000 shares. Based on an average daily volume of 1,400 shares, the days-to-cover ratio is presently 1.8 days.

Pensana Stock Performance

Shares of PNSPF stock remained flat at C$0.21 during trading hours on Thursday. Pensana has a twelve month low of C$0.19 and a twelve month high of C$0.21. The company has a 50-day moving average of C$0.20 and a 200 day moving average of C$0.19.

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.