Lithium Americas Corp. (NYSE:LAC) Short Interest Update

Lithium Americas Corp. (NYSE:LAC - Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 21,890,000 shares, a growth of 14.4% from the July 15th total of 19,140,000 shares. Currently, 11.8% of the company's stock are sold short. Based on an average trading volume of 4,530,000 shares, the days-to-cover ratio is presently 4.8 days.

Institutional Investors Weigh In On Lithium Americas

Several hedge funds have recently made changes to their positions in LAC. Banque Cantonale Vaudoise bought a new position in Lithium Americas during the first quarter worth about $25,000. Mather Group LLC. bought a new position in Lithium Americas during the first quarter worth about $26,000. Fairscale Capital LLC bought a new position in Lithium Americas during the second quarter worth about $27,000. AE Wealth Management LLC bought a new position in Lithium Americas during the second quarter worth about $27,000. Finally, Evergreen Capital Management LLC bought a new position in Lithium Americas during the second quarter worth about $27,000.

Lithium Americas Stock Up 7.5 %

Shares of NYSE LAC traded up $0.18 during mid-day trading on Friday, hitting $2.57. The company had a trading volume of 5,176,600 shares, compared to its average volume of 4,234,666. The business's 50-day simple moving average is $2.67 and its 200-day simple moving average is $4.19. Lithium Americas has a 12 month low of $2.02 and a 12 month high of $12.38.

Analysts Set New Price Targets

LAC has been the topic of several analyst reports. National Bank Financial raised shares of Lithium Americas to a "hold" rating in a research report on Wednesday, June 5th. Piper Sandler initiated coverage on shares of Lithium Americas in a research report on Monday, July 29th. They set a "neutral" rating and a $3.90 target price on the stock. B. Riley lowered their target price on shares of Lithium Americas from $4.50 to $4.00 and set a "buy" rating on the stock in a research report on Friday. Scotiabank lowered their target price on shares of Lithium Americas from $5.50 to $3.00 and set a "sector perform" rating on the stock in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Lithium Americas from $3.00 to $2.50 and set a "hold" rating for the company in a report on Friday. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Lithium Americas currently has a consensus rating of "Moderate Buy" and a consensus target price of $6.61.

Lithium Americas Company Profile

Lithium Americas Corp. engages in the exploration and development of lithium properties in the United States and Canada. It holds a 100% interest in the Thacker Pass project located in northern Nevada, as well as investments in exploration properties in the United States and Canada. Lithium Americas Corp.