American Lithium Corp. (NASDAQ:AMLI) Short Interest Up 7.1% in March

American Lithium Corp. (NASDAQ:AMLI) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 1,810,000 shares, an increase of 7.1% from the March 15th total of 1,690,000 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average trading volume of 452,800 shares, the days-to-cover ratio is presently 4.0 days.

American Lithium Price Performance

Shares of NASDAQ AMLI opened at $0.59 on Thursday. American Lithium has a 52-week low of $0.57 and a 52-week high of $2.33. The company’s 50-day simple moving average is $0.72 and its 200-day simple moving average is $0.98. The firm has a market cap of $127.93 million, a price-to-earnings ratio of -3.68 and a beta of 1.51.

American Lithium (NASDAQ:AMLI) last posted its quarterly earnings data on Tuesday, January 16th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Equities research analysts anticipate that American Lithium will post -0.12 EPS for the current fiscal year.

Institutional Trading of American Lithium

Institutional investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC purchased a new position in American Lithium in the 1st quarter valued at $80,000. Envestnet Asset Management Inc. acquired a new position in American Lithium during the first quarter worth about $31,000. NewEdge Advisors LLC purchased a new stake in American Lithium during the 1st quarter valued at about $55,000. Bank of America Corp DE acquired a new stake in American Lithium in the 1st quarter valued at about $1,419,000. Finally, Nwam LLC acquired a new stake in American Lithium in the 1st quarter valued at about $81,000. 7.70% of the stock is owned by institutional investors and hedge funds.

About American Lithium

American Lithium Corp., an exploration and development stage company, engages in the acquisition, exploration, and development of resource properties in the United States. It principally focuses on the TLC Lithium Project located in the town of Tonopah, Nevada; and the Falchani Lithium project and the Macusani Uranium project located in Puno, Peru.