Free Trial

Atlas Lithium Co. (NASDAQ:ATLX) Sees Significant Increase in Short Interest

Atlas Lithium logo with Basic Materials background

Atlas Lithium Co. (NASDAQ:ATLX - Get Free Report) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 498,600 shares, a growth of 5.6% from the October 31st total of 472,200 shares. Based on an average daily trading volume, of 129,700 shares, the days-to-cover ratio is currently 3.8 days. Currently, 6.7% of the shares of the company are sold short.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on ATLX

Institutional Trading of Atlas Lithium

An institutional investor recently raised its position in Atlas Lithium stock. Cross Staff Investments Inc lifted its stake in shares of Atlas Lithium Co. (NASDAQ:ATLX - Free Report) by 71.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 364,804 shares of the company's stock after acquiring an additional 152,342 shares during the period. Atlas Lithium makes up 1.9% of Cross Staff Investments Inc's investment portfolio, making the stock its 9th biggest position. Cross Staff Investments Inc owned about 2.46% of Atlas Lithium worth $2,481,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 18.35% of the company's stock.

Atlas Lithium Stock Performance

Shares of NASDAQ ATLX traded down $0.06 during mid-day trading on Tuesday, hitting $7.22. The company had a trading volume of 67,382 shares, compared to its average volume of 93,217. The stock's 50-day moving average price is $7.81 and its 200-day moving average price is $10.02. The company has a market capitalization of $111.33 million, a price-to-earnings ratio of -1.75 and a beta of -1.68. 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 1 year low of $6.25 and a 1 year high of $34.00.

Atlas Lithium (NASDAQ:ATLX - Get Free Report) last announced its quarterly earnings results on Friday, November 8th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.56) by ($0.04). The firm had revenue of $0.17 million for the quarter. On average, sell-side analysts forecast that Atlas Lithium will post -2.79 earnings per share for the current year.

Atlas Lithium Company Profile

(Get Free Report)

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.

Read More

Should you invest $1,000 in Atlas Lithium right now?

Before you consider Atlas Lithium, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atlas Lithium wasn't on the list.

While Atlas Lithium currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Former Trump Advisor: Expect REITs to Soar Under Trump’s Next Presidency
Super Micro’s Rebound: Can SMCI Stock Rally Another 100%?
Why Meta Is Still a Top Stock Pick for 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines