Atlantic Lithium Limited (OTCMKTS:ALLIF) Short Interest Up 349.6% in August

Atlantic Lithium Limited (OTCMKTS:ALLIF) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 48,345 shares, an increase of 349.6% from the July 30th total of 10,754 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 18,885 shares, the days-to-cover ratio is presently 2.6 days.

Atlantic Lithium Stock Performance

Shares of OTCMKTS ALLIF opened at $0.21 on Thursday. Atlantic Lithium has a fifty-two week low of $0.08 and a fifty-two week high of $0.28. The firm has a market capitalization of $157.24 million and a PE ratio of -10.50. The stock’s 50-day simple moving average is $0.20 and its 200-day simple moving average is $0.21.

About Atlantic Lithium

Atlantic Lithium Limited engages in the exploration and development of mineral properties in West Africa. It primarily explores for lithium deposits. The company's flagship project is the Ewoyaa lithium project located in Ghana. It holds interest in a lithium property covering an area of 774 square kilometers in Côte d'Ivoire. The company was formerly known as IronRidge Resources Limited and changed its name to Atlantic Lithium Limited in November 2021. Atlantic Lithium Limited was incorporated in 2007 and is based in Sydney, Australia.