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.
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