Elevra Lithium Limited - Sponsored ADR (NASDAQ:ELVR) Stock Short Interest Climbs 98.8%

Key Points

• Short interest nearly doubled, rising 98.8% to 225,409 shares as of September 30, equivalent to 1.2% of shares outstanding and 3.8 days of average trading volume.
• Elevra Lithium shares fell 4.8% to $28.68, well below the 50-day moving average of $51.29 and the 12-month high of $102.80.
• Institutional ownership saw mixed activity, while analyst sentiment remained cautious: Weiss upgraded the stock from “sell (d-)” to “sell (d+),” leaving a consensus rating of Hold.

Elevra Lithium Limited - Sponsored ADR (NASDAQ:ELVR - Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 225,409 shares, a growth of 98.8% from the September 15th total of 113,392 shares. Based on an average trading volume of 58,937 shares, the short-interest ratio is presently 3.8 days. Approximately 1.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Elevra Lithium

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GK Wealth Management LLC bought a new position in shares of Elevra Lithium during the third quarter valued at approximately $25,000. GAMMA Investing LLC boosted its position in shares of Elevra Lithium by 44.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,676 shares of the company's stock worth $65,000 after purchasing an additional 517 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Elevra Lithium in the 2nd quarter worth approximately $30,000. The Manufacturers Life Insurance Company grew its stake in shares of Elevra Lithium by 8.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 12,926 shares of the company's stock worth $761,000 after buying an additional 1,036 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new position in Elevra Lithium during the 1st quarter valued at approximately $220,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Elevra Lithium from a "sell (d-)" rating to a "sell (d+)" rating in a research report on Monday, August 31st. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Elevra Lithium currently has a consensus rating of "Hold".

Elevra Lithium Stock Down 4.8%

NASDAQ:ELVR traded down $1.45 during midday trading on Wednesday, reaching $28.68. 27,017 shares of the stock traded hands, compared to its average volume of 88,338. The company has a current ratio of 3.44, a quick ratio of 2.95 and a debt-to-equity ratio of 0.04. Elevra Lithium has a 12 month low of $23.70 and a 12 month high of $102.80. The company has a fifty day moving average of $51.29 and a 200 day moving average of $65.77.

Elevra Lithium (NASDAQ:ELVR - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($194.78) EPS for the quarter. The business had revenue of $57.72 million during the quarter.

Elevra Lithium Company Profile

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.

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