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

American Lithium Corp. (NASDAQ:AMLIGet Free Report) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 1,340,000 shares, a drop of 13.0% from the April 15th total of 1,540,000 shares. Based on an average trading volume of 382,700 shares, the short-interest ratio is currently 3.5 days. Approximately 0.7% of the company’s stock are sold short.

Institutional Investors Weigh In On American Lithium

Institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. raised its position in American Lithium by 7.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,556,160 shares of the company’s stock worth $13,807,000 after acquiring an additional 891,959 shares during the period. Smith Anglin Financial LLC lifted its position in shares of American Lithium by 8.2% in the fourth quarter. Smith Anglin Financial LLC now owns 161,905 shares of the company’s stock valued at $178,000 after acquiring an additional 12,272 shares in the last quarter. Clarity Capital Partners LLC purchased a new position in American Lithium in the 4th quarter worth approximately $159,000. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of American Lithium by 166.4% in the third quarter. Atria Wealth Solutions Inc. now owns 29,255 shares of the company’s stock worth $42,000 after buying an additional 18,274 shares in the last quarter. 7.70% of the stock is owned by hedge funds and other institutional investors.

American Lithium Trading Up 3.9 %

American Lithium stock traded up $0.03 during mid-day trading on Wednesday, hitting $0.67. The company had a trading volume of 233,869 shares, compared to its average volume of 418,603. American Lithium has a 12 month low of $0.46 and a 12 month high of $2.33. The company has a market capitalization of $146.42 million, a PE ratio of -4.21 and a beta of 1.53. The stock’s 50 day moving average price is $0.66 and its two-hundred day moving average price is $0.90.

About American Lithium

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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.

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