Lithium Americas (Argentina) Corp. (NYSE:LAR) Short Interest Update

Lithium Americas (Argentina) Corp. (NYSE:LAR) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 6,371,015 shares, a decline of 18.9% from the January 15th total of 7,853,267 shares. Based on an average daily trading volume, of 3,964,254 shares, the days-to-cover ratio is presently 1.6 days. Approximately 4.9% of the shares of the stock are sold short. Approximately 4.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,964,254 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Trading of Lithium Americas (Argentina)

A number of hedge funds have recently bought and sold shares of LAR. Cibc World Market Inc. increased its holdings in shares of Lithium Americas (Argentina) by 2.3% in the 3rd quarter. Cibc World Market Inc. now owns 128,053 shares of the company’s stock valued at $428,000 after acquiring an additional 2,940 shares during the period. Brown Advisory Inc. boosted its position in Lithium Americas (Argentina) by 3.0% during the second quarter. Brown Advisory Inc. now owns 103,636 shares of the company’s stock valued at $216,000 after purchasing an additional 3,000 shares in the last quarter. Raymond James Financial Inc. grew its stake in Lithium Americas (Argentina) by 14.1% in the second quarter. Raymond James Financial Inc. now owns 26,030 shares of the company’s stock valued at $54,000 after purchasing an additional 3,214 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Lithium Americas (Argentina) by 45.3% in the third quarter. BNP Paribas Financial Markets now owns 11,388 shares of the company’s stock worth $38,000 after purchasing an additional 3,552 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Lithium Americas (Argentina) by 7.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 54,020 shares of the company’s stock worth $112,000 after purchasing an additional 3,575 shares in the last quarter. Hedge funds and other institutional investors own 49.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on LAR shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lithium Americas (Argentina) in a report on Wednesday, December 24th. National Bank Financial increased their price target on Lithium Americas (Argentina) from $4.75 to $6.50 and gave the stock an “outperform” rating in a report on Friday, December 19th. HSBC upgraded Lithium Americas (Argentina) from a “hold” rating to a “buy” rating and boosted their price objective for the company from $4.75 to $9.60 in a report on Monday, January 19th. Stifel Nicolaus increased their target price on Lithium Americas (Argentina) from $6.00 to $8.50 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Lithium Americas (Argentina) from a “hold” rating to a “buy” rating and set a $8.30 target price for the company in a research note on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Lithium Americas (Argentina) currently has an average rating of “Moderate Buy” and an average target price of $7.44.

Lithium Americas (Argentina) Price Performance

NYSE LAR opened at $6.80 on Wednesday. Lithium Americas has a one year low of $1.71 and a one year high of $8.80. The company’s 50-day simple moving average is $6.67 and its two-hundred day simple moving average is $4.93.

Lithium Americas (Argentina) Company Profile

Lithium Americas (Argentina) is a subsidiary of Lithium Americas Corp. focused on the exploration, development and production of lithium brine resources in the Jujuy province of northwest Argentina. The company’s principal asset is the Cauchari-Olaroz project, situated within the Lithium Triangle, one of the world’s richest regions for lithium-bearing brines. Through its Argentine operations, Lithium Americas aims to supply battery-grade lithium carbonate critical to electric vehicle and energy-storage markets.

The Cauchari-Olaroz project encompasses concessions on the Salar de Cauchari and Salar de Olaroz salt flats, where detailed drilling programs and pilot‐scale evaporation ponds have demonstrated favorable lithium concentrations.