Short Interest in American Lithium Corp. (NASDAQ:AMLI) Drops By 16.0%

American Lithium Corp. (NASDAQ:AMLI - Get Free Report) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 1,210,000 shares, a drop of 16.0% from the October 15th total of 1,440,000 shares. Based on an average daily trading volume, of 591,000 shares, the short-interest ratio is presently 2.0 days. Currently, 0.6% of the company's stock are short sold.

American Lithium Stock Performance

Shares of AMLI remained flat at $0.72 during trading hours on Friday. The stock had a trading volume of 219,543 shares, compared to its average volume of 426,140. The company's 50 day simple moving average is $0.64 and its 200 day simple moving average is $0.58. American Lithium has a 52 week low of $0.32 and a 52 week high of $1.29. The company has a market capitalization of $157.54 million, a P/E ratio of -7.23 and a beta of 1.47.

American Lithium (NASDAQ:AMLI - Get Free Report) last announced its earnings results on Wednesday, October 16th. The company reported ($0.02) EPS for the quarter. On average, equities analysts expect that American Lithium will post -0.08 earnings per share for the current year.

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.