Short Interest in American Lithium Corp. (NASDAQ:AMLI) Rises By 7.1%

American Lithium Corp. (NASDAQ:AMLI) was the recipient of a large growth in short interest during the month of 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. Based on an average trading volume of 452,800 shares, the days-to-cover ratio is currently 4.0 days. Approximately 0.9% of the company’s shares are sold short.

American Lithium Stock Performance

Shares of NASDAQ AMLI opened at $0.59 on Thursday. The business’s 50 day moving average price is $0.72 and its 200-day moving average price is $0.98. American Lithium has a fifty-two week low of $0.57 and a fifty-two week high of $2.33. The company has a market cap of $127.93 million, a price-to-earnings ratio of -3.68 and a beta of 1.51.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new position in American Lithium in the 1st quarter worth about $25,000. Waverly Advisors LLC bought a new position in American Lithium in the first quarter worth approximately $25,000. Mercer Global Advisors Inc. ADV purchased a new position in American Lithium during the 1st quarter worth $28,000. Smith Anglin Financial LLC raised its position in American Lithium by 8.2% during the 4th quarter. Smith Anglin Financial LLC now owns 161,905 shares of the company’s stock valued at $178,000 after purchasing an additional 12,272 shares in the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of American Lithium in the 1st quarter worth $31,000. Hedge funds and other institutional investors own 7.70% of the company’s stock.

American Lithium Company Profile

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.