Atlantic Lithium Limited (OTCMKTS:ALLIF) Sees Large Growth in Short Interest

Atlantic Lithium Limited (OTCMKTS:ALLIF) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 48,345 shares, a growth of 349.6% from the July 30th total of 10,754 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 18,885 shares, the short-interest ratio is presently 2.6 days.

Atlantic Lithium Stock Up 2.2%

Atlantic Lithium stock opened at $0.21 on Friday. The firm has a market cap of $160.68 million and a PE ratio of -10.73. Atlantic Lithium has a 52-week low of $0.08 and a 52-week high of $0.28. The company’s 50 day moving average is $0.20 and its two-hundred day moving average is $0.21.

Atlantic Lithium Company Profile

Atlantic Lithium Limited engages in the exploration and development of mineral properties in West Africa. It primarily explores for lithium deposits. The company's flagship project is the Ewoyaa lithium project located in Ghana. It holds interest in a lithium property covering an area of 774 square kilometers in Côte d'Ivoire. The company was formerly known as IronRidge Resources Limited and changed its name to Atlantic Lithium Limited in November 2021. Atlantic Lithium Limited was incorporated in 2007 and is based in Sydney, Australia.