American Lithium Corp. (NASDAQ:AMLI) Short Interest Update

American Lithium Corp. (NASDAQ:AMLI - Get Free Report) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 1,240,000 shares, an increase of 14.8% from the September 15th total of 1,080,000 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 354,000 shares, the short-interest ratio is currently 3.5 days.

Analyst Ratings Changes

Separately, Roth Mkm reduced their price target on shares of American Lithium from $5.50 to $3.25 and set a "buy" rating for the company in a research note on Friday, June 28th.

American Lithium Stock Performance

Shares of AMLI stock traded up $0.18 during mid-day trading on Monday, hitting $1.11. 2,303,175 shares of the stock traded hands, compared to its average volume of 397,456. American Lithium has a twelve month low of $0.32 and a twelve month high of $1.30. The company's 50-day simple moving average is $0.46 and its 200-day simple moving average is $0.56. The firm has a market cap of $241.49 million, a price-to-earnings ratio of -7.93 and a beta of 1.54.

American Lithium (NASDAQ:AMLI - Get Free Report) last released its earnings results on Monday, July 15th. The company reported ($0.02) earnings per share (EPS) for the quarter. Analysts forecast that American Lithium will post -0.09 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.