Standard Lithium rises after denying short seller accusations

Standard Lithium

19/11/2021 15:56

** U.S.-listed shares of lithium extraction co Standard
Lithium  SLI.N  rise 7.7% to $8.63 and are set to snap a
three-day losing streak
    ** Co denies accusations of short seller Blue Orca Capital 
and calls the report "false and misleading"  urn:newsml:reuters.com:*:nGNE4DTyx2
    ** Shares marked their worst session ever on Thursday after
Blue Orca said it possessed regulatory filings indicating that
SLI's lithium recovery falls short of the 90%  urn:newsml:reuters.com:*:nL4N2S93PJ
    ** "Blue Orca Capital has opportunistically issued this
report with partial and incomplete information and without
consultation or clarification by the company," SLI says
    ** More than 1.65 mln shares traded vs. 2.9 mln their 25-DMA
vols 
    ** All three brokerages covering SLI rate it "buy" or
higher; their median PT is $10.5 - Refinitiv data

 (Reporting by Bansari Mayur Kamdar)
 ((BansariMayur.Kamdar@thomsonreuters.com;))