Atlas Lithium Co. (NASDAQ:ATLX) Short Interest Update

Atlas Lithium Co. (NASDAQ:ATLX - Get Free Report) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 613,000 shares, a growth of 11.9% from the December 31st total of 547,900 shares. Based on an average daily trading volume, of 115,200 shares, the short-interest ratio is currently 5.3 days. Currently, 8.2% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, HC Wainwright reaffirmed a "buy" rating and set a $19.00 target price on shares of Atlas Lithium in a research note on Tuesday, October 29th.

Atlas Lithium Trading Up 0.2 %

ATLX traded up $0.01 during trading on Wednesday, reaching $5.88. 148,382 shares of the company's stock were exchanged, compared to its average volume of 97,045. The company has a current ratio of 3.54, a quick ratio of 3.45 and a debt-to-equity ratio of 0.41. Atlas Lithium has a one year low of $5.38 and a one year high of $20.50. The stock has a market capitalization of $90.65 million, a PE ratio of -1.44 and a beta of -1.37. The firm has a fifty day moving average price of $6.82 and a two-hundred day moving average price of $8.17.

Atlas Lithium (NASDAQ:ATLX - Get Free Report) last released its quarterly earnings results on Friday, November 8th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.56) by ($0.04). The business had revenue of $0.17 million for the quarter. As a group, equities research analysts forecast that Atlas Lithium will post -2.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Atlas Lithium stock. Bank of New York Mellon Corp bought a new position in Atlas Lithium Co. (NASDAQ:ATLX - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 50,002 shares of the company's stock, valued at approximately $317,000. Bank of New York Mellon Corp owned approximately 0.32% of Atlas Lithium as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 18.35% of the company's stock.

Atlas Lithium Company Profile

Atlas Lithium Corporation operates as a mineral exploration and development company in Brazil. It operates the Minas Gerais lithium project that consists of 54 mineral rights covering an area of 59,275 acres located within the Brazilian Eastern Pegmatitic Province; and Northeastern Brazil lithium project, which consists of 7 mineral rights covering an area of 16,266 acres in the States of Paraíba and Rio Grande do Norte in northeastern Brazil.