Short Interest in Surge Battery Metals Inc. (OTCMKTS:NILIF) Increases By 50.9%

Surge Battery Metals Inc. (OTCMKTS:NILIF) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 8,000 shares, a growth of 50.9% from the August 31st total of 5,300 shares. Based on an average daily volume of 156,800 shares, the days-to-cover ratio is presently 0.1 days.

Surge Battery Metals Price Performance

OTCMKTS:NILIF traded down $0.01 during midday trading on Friday, reaching $0.29. 76,338 shares of the company traded hands, compared to its average volume of 108,910. Surge Battery Metals has a twelve month low of $0.20 and a twelve month high of $0.86. The firm has a market capitalization of $47.60 million and a price-to-earnings ratio of -4.82. The company has a fifty day moving average price of $0.25 and a 200 day moving average price of $0.28.

Surge Battery Metals (OTCMKTS:NILIF) last released its quarterly earnings data on Monday, August 19th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). On average, equities research analysts forecast that Surge Battery Metals will post -0.03 earnings per share for the current fiscal year.

About Surge Battery Metals

Surge Battery Metals Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in North America. It primarily explores for lithium and nickel. The company's flagship property is the 100% owned Nevada North lithium project consisting of 243 mineral claims located in Elko County, Nevada.