American Lithium Corp. (NASDAQ:AMLI) Short Interest Down 11.5% in March

American Lithium Corp. (NASDAQ:AMLIGet Free Report) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 1,690,000 shares, a decline of 11.5% from the February 29th total of 1,910,000 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 475,700 shares, the days-to-cover ratio is presently 3.6 days.

Institutional Trading of American Lithium

Hedge funds and other institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. grew its position in shares of American Lithium by 11.1% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,664,201 shares of the company’s stock worth $16,910,000 after buying an additional 1,168,422 shares during the period. Canton Hathaway LLC purchased a new stake in shares of American Lithium in the 3rd quarter worth about $53,000. Atria Wealth Solutions Inc. grew its position in shares of American Lithium by 166.4% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 29,255 shares of the company’s stock worth $42,000 after buying an additional 18,274 shares during the period. Smith Anglin Financial LLC purchased a new stake in shares of American Lithium in the 3rd quarter worth about $214,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of American Lithium in the 1st quarter worth about $55,000. 7.70% of the stock is owned by hedge funds and other institutional investors.

American Lithium Price Performance

Shares of American Lithium stock opened at $0.69 on Tuesday. The company’s fifty day simple moving average is $0.77 and its two-hundred day simple moving average is $1.05. American Lithium has a 12-month low of $0.66 and a 12-month high of $2.49.

American Lithium (NASDAQ:AMLIGet Free Report) last issued its quarterly earnings data on Tuesday, January 16th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). On average, equities analysts expect that American Lithium will post -0.12 earnings per share for the current fiscal year.

About American Lithium

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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.

Further Reading

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