Short Interest in Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR) Expands By 98.2%

Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 298,677 shares, a growth of 98.2% from the June 15th total of 150,680 shares. Currently, 1.5% of the company’s shares are sold short. Based on an average daily volume of 299,739 shares, the days-to-cover ratio is currently 1.0 days.

Elevra Lithium Stock Performance

Shares of Elevra Lithium stock traded up $0.42 on Friday, hitting $60.10. 43,169 shares of the company traded hands, compared to its average volume of 107,226. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.21 and a current ratio of 1.67. The company has a 50 day moving average of $79.34. Elevra Lithium has a 52 week low of $15.55 and a 52 week high of $102.80.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Elevra Lithium in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Elevra Lithium presently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Elevra Lithium

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Elevra Lithium by 16.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,159 shares of the company’s stock worth $79,000 after buying an additional 164 shares during the period. Main Street Group LTD bought a new stake in shares of Elevra Lithium in the first quarter valued at about $27,000. The Manufacturers Life Insurance Company raised its holdings in shares of Elevra Lithium by 8.7% in the first quarter. The Manufacturers Life Insurance Company now owns 12,926 shares of the company’s stock valued at $761,000 after acquiring an additional 1,036 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new stake in Elevra Lithium in the first quarter worth about $220,000. Finally, Eagle Global Advisors LLC purchased a new stake in Elevra Lithium in the fourth quarter worth about $202,000.

About Elevra Lithium

Elevra Lithium Limited, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of mineral assets in Australia and Canada. The company explores for lithium, graphite, and gold deposits. Its flagship property includes the North American Lithium project that consists of 41 claims and one mining lease covering an area of approximately 1,493 hectares located in Quebec, Canada. The company was formerly known as Sayona Mining Limited and changed its name to Elevra Lithium Limited in August 2025.