Atlantic Lithium Limited (OTCMKTS:ALLIF) Short Interest Up 17,823.3% in June

Atlantic Lithium Limited (OTCMKTS:ALLIF) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 10,754 shares, a growth of 17,823.3% from the May 31st total of 60 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 86,258 shares, the days-to-cover ratio is currently 0.1 days.

Atlantic Lithium Price Performance

Shares of Atlantic Lithium stock opened at $0.21 on Friday. The stock has a market cap of $158.73 million, a price-to-earnings ratio of -7.07 and a beta of -0.10. Atlantic Lithium has a twelve month low of $0.05 and a twelve month high of $0.28. The company’s fifty day moving average is $0.21 and its 200 day moving average is $0.19.

Atlantic Lithium Company Profile

Atlantic Lithium Limited engages in the exploration and development of mineral properties in West Africa. It primarily explores for lithium deposits. The company's flagship project is the Ewoyaa lithium project located in Ghana. It holds interest in a lithium property covering an area of 774 square kilometers in Côte d'Ivoire. The company was formerly known as IronRidge Resources Limited and changed its name to Atlantic Lithium Limited in November 2021. Atlantic Lithium Limited was incorporated in 2007 and is based in Sydney, Australia.