American Lithium Corp. (NASDAQ:AMLI) Short Interest Down 13.0% in April

American Lithium Corp. (NASDAQ:AMLI - Get Free Report) saw a large drop in short interest during the month of April. As of April 30th, there was short interest totalling 1,340,000 shares, a drop of 13.0% from the April 15th total of 1,540,000 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 382,700 shares, the days-to-cover ratio is currently 3.5 days.

Hedge Funds Weigh In On American Lithium

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Clarity Capital Partners LLC acquired a new position in shares of American Lithium during the fourth quarter valued at $159,000. Mirae Asset Global Investments Co. Ltd. lifted its position in American Lithium by 7.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,556,160 shares of the company's stock valued at $13,807,000 after purchasing an additional 891,959 shares during the last quarter. Smith Anglin Financial LLC boosted its stake in American Lithium by 8.2% during the 4th quarter. Smith Anglin Financial LLC now owns 161,905 shares of the company's stock valued at $178,000 after purchasing an additional 12,272 shares during the period. Finally, Atria Wealth Solutions Inc. grew its position in American Lithium by 166.4% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 29,255 shares of the company's stock worth $42,000 after purchasing an additional 18,274 shares during the last quarter. 7.70% of the stock is currently owned by institutional investors and hedge funds.

American Lithium Stock Performance

Shares of NASDAQ AMLI traded down $0.02 during midday trading on Tuesday, hitting $0.65. The company's stock had a trading volume of 421,791 shares, compared to its average volume of 420,404. The firm has a market cap of $140.98 million, a P/E ratio of -4.05 and a beta of 1.53. American Lithium has a 1-year low of $0.46 and a 1-year high of $2.33. The firm's fifty day moving average price is $0.66 and its 200-day moving average price is $0.90.

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.