American Lithium Corp. (NASDAQ:AMLI) Sees Large Growth in Short Interest

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

American Lithium Stock Performance

AMLI stock opened at $0.63 on Tuesday. The company’s 50-day simple moving average is $0.72 and its 200 day simple moving average is $1.00. American Lithium has a 52 week low of $0.61 and a 52 week high of $2.33. The company has a market capitalization of $137.04 million, a PE ratio of -3.94 and a beta of 1.51.

American Lithium (NASDAQ:AMLI) last released its quarterly earnings results on Tuesday, January 16th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). On average, analysts forecast that American Lithium will post -0.12 EPS for the current year.

Hedge Funds Weigh In On American Lithium

Institutional investors and hedge funds have recently modified their holdings of the business. Advisory Services Network LLC acquired a new position in shares of American Lithium in the first quarter valued at about $25,000. Waverly Advisors LLC bought a new stake in American Lithium during the first quarter worth about $25,000. Mercer Global Advisors Inc. ADV bought a new stake in American Lithium during the first quarter worth about $28,000. Envestnet Asset Management Inc. bought a new stake in American Lithium during the first quarter worth about $31,000. Finally, Citadel Advisors LLC bought a new stake in American Lithium during the fourth quarter worth about $27,000. 7.70% of the stock is currently 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.