Atlas Lithium Co. (NASDAQ:ATLX - Get Free Report) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 168,900 shares, a decrease of 39.5% from the March 31st total of 279,200 shares. Currently, 3.9% of the company's stock are sold short. Based on an average daily trading volume, of 96,400 shares, the short-interest ratio is presently 1.8 days.
Institutional Investors Weigh In On Atlas Lithium
Institutional investors and hedge funds have recently bought and sold shares of the business. Dorsey Wright & Associates bought a new stake in Atlas Lithium during the third quarter valued at about $28,000. Barclays PLC bought a new stake in shares of Atlas Lithium in the second quarter worth about $28,000. Tower Research Capital LLC TRC purchased a new position in Atlas Lithium in the fourth quarter worth about $33,000. Finally, Cross Staff Investments Inc grew its position in Atlas Lithium by 1.1% in the fourth quarter. Cross Staff Investments Inc now owns 215,612 shares of the company's stock worth $6,744,000 after acquiring an additional 2,400 shares in the last quarter. 18.35% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
ATLX has been the topic of several recent research reports. Alliance Global Partners cut their price target on Atlas Lithium from $75.00 to $55.00 and set a "buy" rating on the stock in a research note on Tuesday, April 2nd. Roth Mkm cut their target price on Atlas Lithium from $39.00 to $36.00 and set a "buy" rating on the stock in a research note on Monday, April 1st. Finally, HC Wainwright cut their target price on Atlas Lithium from $52.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, April 1st.
Check Out Our Latest Report on ATLX
Atlas Lithium Stock Performance
Shares of ATLX stock traded up $0.62 on Friday, reaching $14.67. The stock had a trading volume of 30,447 shares, compared to its average volume of 89,943. The stock has a market cap of $187.34 million, a P/E ratio of -3.61 and a beta of -1.14. Atlas Lithium has a 1 year low of $11.80 and a 1 year high of $45.00. The company has a debt-to-equity ratio of 1.04, a quick ratio of 5.24 and a current ratio of 5.24. The company has a 50 day simple moving average of $15.50 and a 200 day simple moving average of $21.87.
Atlas Lithium (NASDAQ:ATLX - Get Free Report) last announced its earnings results on Wednesday, March 27th. The company reported ($1.35) EPS for the quarter, missing analysts' consensus estimates of ($0.47) by ($0.88). Equities research analysts expect that Atlas Lithium will post -2 EPS for the current year.
Atlas Lithium Company Profile
(
Get Free Report)
Atlas Lithium Corporation operates as a mineral exploration and development company in Brazil. It operates the Minas Gerais lithium project that consists of 54 mineral rights covering an area of 59,275 acres located within the Brazilian Eastern Pegmatitic Province; and Northeastern Brazil lithium project, which consists of 7 mineral rights covering an area of 16,266 acres in the States of Paraíba and Rio Grande do Norte in northeastern Brazil.
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