Short Interest in Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR) Decreases By 57.8%

Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 115,600 shares, a decrease of 57.8% from the May 14th total of 274,014 shares. Based on an average daily volume of 74,044 shares, the short-interest ratio is presently 1.6 days. Currently, 0.6% of the shares of the stock are sold short.

Elevra Lithium Stock Up 8.3%

ELVR traded up $6.46 during mid-day trading on Friday, reaching $84.51. The stock had a trading volume of 136,734 shares, compared to its average volume of 73,722. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.21 and a current ratio of 1.67. The stock has a fifty day moving average price of $80.76. Elevra Lithium has a 52 week low of $15.55 and a 52 week high of $101.50.

Insider Buying and Selling at Elevra Lithium

In related news, COO Sylvain Collard sold 41,561 shares of the stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $5.77, for a total transaction of $239,806.97. Following the sale, the chief operating officer directly owned 42,562 shares in the company, valued at $245,582.74. This represents a 49.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ELVR. Legal & General Group Plc bought a new position in Elevra Lithium in the 4th quarter valued at $17,279,000. Hsbc Holdings PLC bought a new position in Elevra Lithium in the 4th quarter valued at $1,550,000. Quadrature Capital Ltd bought a new position in Elevra Lithium in the 4th quarter valued at $536,000. Royce & Associates LP lifted its stake in shares of Elevra Lithium by 17.8% in the 4th quarter. Royce & Associates LP now owns 53,018 shares of the company’s stock valued at $2,787,000 after purchasing an additional 8,004 shares during the period. Finally, LPL Financial LLC acquired a new position in shares of Elevra Lithium in the 4th quarter valued at $309,000.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Elevra Lithium from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Elevra Lithium in a research report on Wednesday, April 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Elevra Lithium Company Profile

Elevra Lithium Limited, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of mineral assets in Australia and Canada. The company explores for lithium, graphite, and gold deposits. Its flagship property includes the North American Lithium project that consists of 41 claims and one mining lease covering an area of approximately 1,493 hectares located in Quebec, Canada. The company was formerly known as Sayona Mining Limited and changed its name to Elevra Lithium Limited in August 2025.