Ilika plc (OTCMKTS:ILIKF – Get Rating) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 60,800 shares, an increase of 225.1% from the August 15th total of 18,700 shares. Based on an average trading volume of 166,000 shares, the short-interest ratio is currently 0.4 days.

Ilika Stock Down 3.5 %

Ilika stock traded down $0.03 during trading on Friday, reaching $0.79. The stock had a trading volume of 61,535 shares, compared to its average volume of 177,083. Ilika has a 52-week low of $0.49 and a 52-week high of $2.69. The business has a 50 day moving average price of $0.82 and a 200 day moving average price of $1.06.

Wall Street Analyst Weigh In

Separately, Berenberg Bank dropped their price target on shares of Ilika from GBX 250 ($3.02) to GBX 240 ($2.90) in a research report on Friday, July 15th.

About Ilika

Ilika plc engages in the design, development, and production of solid-state batteries under the Stereax name primarily in the United Kingdom, Asia, rest of Europe, and North America. It offers batteries for a range of applications in the industrial Internet of Things, electric vehicles, smart cities, consumer electronics, and medical sectors.

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