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Ilika plc (OTCMKTS:ILIKF) Sees Significant Increase in Short Interest

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Ilika plc (OTCMKTS:ILIKF – Get Rating) saw a large growth in short interest in July. As of July 15th, there was short interest totalling 50,800 shares, a growth of 116.2% from the June 30th total of 23,500 shares. Based on an average trading volume of 229,100 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Berenberg Bank reduced their price objective on shares of Ilika from GBX 250 ($3.01) to GBX 240 ($2.89) in a research report on Friday, July 15th.

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Ilika Stock Up 28.7 %

ILIKF stock traded up $0.23 on Friday, hitting $1.02. The company's stock had a trading volume of 410,354 shares, compared to its average volume of 190,833. The firm has a 50 day moving average of $0.73 and a two-hundred day moving average of $1.28. Ilika has a 1 year low of $0.49 and a 1 year high of $2.69.

Ilika Company Profile

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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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