Short Interest in Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) Drops By 5.5%

Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 55,300 shares, a decrease of 5.5% from the August 31st total of 58,500 shares. Based on an average daily volume of 9,500 shares, the days-to-cover ratio is presently 5.8 days. Approximately 1.2% of the shares of the stock are short sold.

Foremost Lithium Resource & Technology Trading Up 0.4 %

FMST stock traded up $0.01 during trading on Monday, hitting $2.85. 11,059 shares of the stock traded hands, compared to its average volume of 24,418. The stock has a market cap of $15.63 million and a price-to-earnings ratio of -3.90. Foremost Lithium Resource & Technology has a one year low of $1.77 and a one year high of $4.36. The company has a 50 day simple moving average of $2.91 and a 200 day simple moving average of $2.73.

Foremost Lithium Resource & Technology (NASDAQ:FMST) last announced its earnings results on Wednesday, August 14th. The company reported ($0.12) EPS for the quarter. As a group, analysts predict that Foremost Lithium Resource & Technology will post -0.6 earnings per share for the current fiscal year.

Foremost Lithium Resource & Technology Company Profile

Foremost Lithium Resource & Technology Ltd., an exploration stage company, engages in the hard-rock exploration and acquisition of lithium properties in Canada. Its lithium properties cover approximately 43,000 acres in Snow Lake, Manitoba, and hosts a Lac Simard South property in a lithium camp situated on approximately 11,400 acres in Quebec.