Atlas Lithium Co. (NASDAQ:ATLX – Get Free Report) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 507,400 shares, an increase of 29.4% from the September 15th total of 392,100 shares. Based on an average daily volume of 89,300 shares, the short-interest ratio is presently 5.7 days. Currently, 6.9% of the shares of the company are sold short.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on the company. HC Wainwright reissued a “buy” rating and set a $19.00 price objective (down from $41.00) on shares of Atlas Lithium in a report on Thursday, October 3rd. Roth Mkm cut their price target on Atlas Lithium from $36.00 to $25.50 and set a “buy” rating for the company in a research note on Friday, July 26th.
Read Our Latest Research Report on ATLX
Atlas Lithium Stock Performance
Atlas Lithium (NASDAQ:ATLX – Get Free Report) last posted its earnings results on Friday, August 9th. The company reported ($0.85) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.70) by ($0.15). The business had revenue of $0.18 million during the quarter. Sell-side analysts predict that Atlas Lithium will post -2.86 earnings per share for the current year.
About Atlas Lithium
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.
Featured Stories
- Five stocks we like better than Atlas Lithium
- Consumer Discretionary Stocks Explained
- Why Fastenal Stock Could Hit New Highs After Strong Q3 Results
- How to Calculate Inflation Rate
- Why Eli Lilly Stock Is Soaring—and How It Plans to Stay on Top
- How to Plot Fibonacci Price Inflection Levels
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
Receive News & Ratings for Atlas Lithium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Lithium and related companies with MarketBeat.com's FREE daily email newsletter.