Short Interest in American Lithium Corp. (NASDAQ:AMLI) Grows By 31.2%

American Lithium Corp. (NASDAQ:AMLI) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 1,430,000 shares, a growth of 31.2% from the November 30th total of 1,090,000 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 822,500 shares, the short-interest ratio is presently 1.7 days.

American Lithium Trading Up 3.6 %

Shares of AMLI stock traded up $0.01 during mid-day trading on Friday, reaching $0.38. The stock had a trading volume of 1,281,379 shares, compared to its average volume of 471,582. The stock’s 50-day moving average price is $0.62 and its two-hundred day moving average price is $0.55. The firm has a market capitalization of $81.77 million, a PE ratio of -3.75 and a beta of 1.41. American Lithium has a 52-week low of $0.32 and a 52-week high of $1.24.

American Lithium (NASDAQ:AMLI) last announced its earnings results on Wednesday, October 16th. The company reported ($0.02) earnings per share for the quarter. On average, equities research analysts forecast that American Lithium will post -0.09 earnings per share for the current year.

American Lithium Company Profile

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.