Short Interest in Pensana Plc (OTCMKTS:PNSPF) Decreases By 85.7%

by · The Markets Daily

Pensana Plc (OTCMKTS:PNSPF – Get Free Report) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 716 shares, a drop of 85.7% from the May 14th total of 5,012 shares. Based on an average daily volume of 299 shares, the short-interest ratio is presently 2.4 days.

Pensana Price Performance

PNSPF remained flat at C$1.30 during trading on Wednesday. The firm’s fifty day moving average price is C$1.29 and its two-hundred day moving average price is C$1.33. Pensana has a fifty-two week low of C$0.55 and a fifty-two week high of C$2.58.

About Pensana

(Get Free Report)

Pensana Plc is a critical metals company engaged in the exploration, development and processing of rare earth elements essential for clean energy and high‐technology applications. The company’s flagship asset is the Longonjo rare earths project in Angola, which is being advanced toward production of neodymium and praseodymium—key magnets in electric vehicles, wind turbines and consumer electronics. Pensana has structured its operations to address both upstream mining and downstream beneficiation, ensuring that its concentrate is processed into separated rare earth oxides.

To support a robust and secure supply chain, Pensana is developing the Saltend rare earth processing facility in the United Kingdom.

Read More