Ilika plc (OTCMKTS:ILIKF) Short Interest Up 12.4% in August

Ilika plc (OTCMKTS:ILIKF) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 15,400 shares, an increase of 12.4% from the August 15th total of 13,700 shares. Based on an average daily trading volume, of 122,600 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank dropped their price objective on shares of Ilika from GBX 125 ($1.55) to GBX 120 ($1.49) in a report on Tuesday, May 23rd.

Ilika Price Performance

OTCMKTS ILIKF traded down $0.02 on Tuesday, reaching $0.48. 85,607 shares of the stock were exchanged, compared to its average volume of 61,668. Ilika has a one year low of $0.25 and a one year high of $0.90. The company’s 50-day simple moving average is $0.53 and its two-hundred day simple moving average is $0.53.

Ilika Company Profile

Ilika plc designs, develops, and produces solid-state batteries under the Stereax name primarily in the United Kingdom, Asia, Europe, and North America. The company offers batteries for a range of applications in the industrial Internet of Things, MedTech, transportation, electric vehicles, and cordless consumer appliances.