American Lithium Corp. (NASDAQ:AMLI) Sees Large Drop in Short Interest

American Lithium Corp. (NASDAQ:AMLI) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 1,210,000 shares, a drop of 16.0% from the October 15th total of 1,440,000 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 591,000 shares, the short-interest ratio is currently 2.0 days.

American Lithium Stock Down 2.2 %

Shares of NASDAQ AMLI opened at $0.71 on Friday. The business’s 50 day moving average price is $0.64 and its two-hundred day moving average price is $0.58. The company has a market cap of $154.88 million, a PE ratio of -7.11 and a beta of 1.47. American Lithium has a twelve month low of $0.32 and a twelve month high of $1.29.

American Lithium (NASDAQ:AMLI) last posted its earnings results on Wednesday, October 16th. The company reported ($0.02) earnings per share for the quarter. As a group, research analysts anticipate that American Lithium will post -0.08 EPS for the current fiscal year.

About American Lithium

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.