Pilbara Minerals Limited (OTCMKTS:PILBF) Short Interest Up 29.6% in March

Pilbara Minerals Limited (OTCMKTS:PILBF) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 21,307,700 shares, an increase of 29.6% from the March 15th total of 16,437,900 shares. Based on an average daily volume of 202,400 shares, the days-to-cover ratio is presently 105.3 days.

Pilbara Minerals Stock Performance

Shares of OTCMKTS:PILBF traded down $0.03 during mid-day trading on Friday, hitting $2.57. The company had a trading volume of 35,381 shares, compared to its average volume of 120,922. The firm has a fifty day moving average price of $2.53 and a 200 day moving average price of $2.48. Pilbara Minerals has a one year low of $2.06 and a one year high of $3.71.

Pilbara Minerals Company Profile

Pilbara Minerals Limited engages in the exploration, development, and operation of mineral resources in Australia. The company primarily explores for lithium. It primarily holds a 100% interest in the Pilgangoora lithium-tantalum project located in the Pilbara region of Western Australia. The company was incorporated in 2005 and is based in West Perth, Australia.