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

American Lithium Corp. (NASDAQ:AMLI) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 1,240,000 shares, a growth of 14.8% from the September 15th total of 1,080,000 shares. Based on an average daily volume of 354,000 shares, the short-interest ratio is currently 3.5 days. Currently, 0.6% of the shares of the company are sold short.

American Lithium Price Performance

Shares of American Lithium stock opened at $1.11 on Tuesday. American Lithium has a 1 year low of $0.32 and a 1 year high of $1.30. The stock has a market cap of $241.49 million, a PE ratio of -7.93 and a beta of 1.54. The firm has a fifty day moving average price of $0.46 and a 200 day moving average price of $0.56.

American Lithium (NASDAQ:AMLI) last released its quarterly earnings data on Monday, July 15th. The company reported ($0.02) earnings per share for the quarter. As a group, equities analysts expect that American Lithium will post -0.09 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm dropped their target price on American Lithium from $5.50 to $3.25 and set a “buy” rating on the stock in a research report on Friday, June 28th.

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.