Will Orocobre Ltd Short Squeeze Soon?


 Will Orocobre Ltd Short Squeeze Soon?

The stock of Orocobre Ltd (TSE:ORL) is a huge mover today! About 17,243 shares traded hands. Orocobre Ltd (TSE:ORL) has risen 24.62% since March 14, 2016 and is uptrending. It has outperformed by 19.07% the S&P500.
The move comes after 8 months negative chart setup for the $678.71M company. It was reported on Oct, 19 by Barchart.com. We have $2.97 PT which if reached, will make TSE:ORL worth $47.51 million less.

More notable recent Orocobre Ltd (TSE:ORL) news were published by: Fool.com.Au which released: “Up 118%: Is lithium producer Orocobre Limited still a buy?” on July 19, 2016, also Fool.com.Au with their article: “Why the Orocobre Ltd share price is up 133% in 6 months” published on May 18, 2016, Fool.com.Au published: “Orocobre Limited shares soar as lithium price hype builds” on May 26, 2016. More interesting news about Orocobre Ltd (TSE:ORL) were released by: Fool.com.Au and their article: “Altura Mining Limited & Orocobre Ltd: 2 lithium miners that could go …” published on April 13, 2016 as well as Seekingalpha.com‘s news article titled: “Orocobre Confirms Planned 100% Production Design Capacity By November” with publication date: August 03, 2016.

Orocobre Limited operates primarily in Argentina in the mining industry. The company has a market cap of $678.71 million. The Firm engages in the production ramp up of its Olaroz Lithium Facility and the operation of Borax Argentina S.A. . It currently has negative earnings. The Company’s divisions include Corporate, the Olaroz project, South American Salars and Borax Argentina.

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