Short Shares Rise By 846.09% for Dolat Ventures Incorporated

Dolat Ventures Incorporated

Dolat Ventures Incorporated (OTCMKTS:$DOLV) has seen its stock rise  846.09% in short interest. In October, FINRA reported that Dolat had 217,600 total short interest shares. This represents an increase of 846.09% up from the previously reported 23,000 shares.

The stock has underperformed 16.70% below the S&P 500 and had an average trade volume of approximately 1.78 million shares.

Dolat Ventures Inc. is a manufacturer of electric vehicle batteries. The firm develops multi-function, automatic, rechargeable car power plant recharge systems. These batteries are built of nickel-manganese, multiphase, lithium ion batteries and have an energy density of 180 watts per kilogram. Their market cap is currently $27.86 million.

Businesswire.com recently reported that Dolat was planning to reduce outstanding stock on December 12, 2014. They also reported that Dolat was moving forward with private investment into their diamond mine assets on December 09, 2014. Finally, Marketwired.com reported that Dolat had been acquired by China-based battery manufacturer on April 07, 2017.

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About the author: Dylan is a content writer and editor located in Vancouver, British Columbia. He graduated from the University of Regina with BA degrees in both Journalism and History in 2016. His skills include writing, blogging, editing, and developing content for both print and internet media.