Lithium Americas Corp. (NYSE:LAC) Short Interest Update

Lithium Americas Corp. (NYSE:LAC) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 14,820,000 shares, a drop of 14.5% from the March 15th total of 17,340,000 shares. Approximately 11.4% of the shares of the company are sold short. Based on an average daily trading volume, of 3,560,000 shares, the short-interest ratio is currently 4.2 days.

Institutional Investors Weigh In On Lithium Americas

Hedge funds and other institutional investors have recently bought and sold shares of the business. General Motors Holdings LLC raised its stake in shares of Lithium Americas by 100.0% during the 4th quarter. General Motors Holdings LLC now owns 30,004,488 shares of the company’s stock worth $190,829,000 after buying an additional 15,002,245 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Lithium Americas by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 3,587,703 shares of the company’s stock worth $22,961,000 after buying an additional 53,563 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Lithium Americas by 24.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,345,908 shares of the company’s stock worth $15,122,000 after buying an additional 461,635 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Lithium Americas by 22.2% during the 4th quarter. Van ECK Associates Corp now owns 2,033,397 shares of the company’s stock worth $13,015,000 after buying an additional 369,879 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Lithium Americas by 395.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,057,533 shares of the company’s stock worth $6,768,000 after buying an additional 844,229 shares during the last quarter.

Lithium Americas Price Performance

Lithium Americas stock opened at $7.08 on Friday. Lithium Americas has a one year low of $3.81 and a one year high of $12.38. The business has a fifty day moving average of $5.59 and a two-hundred day moving average of $6.68.

Lithium Americas (NYSE:LAC) last released its earnings results on Friday, March 15th. The company reported ($0.08) EPS for the quarter, meeting analysts’ consensus estimates of ($0.08). On average, analysts expect that Lithium Americas will post -0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LAC has been the topic of a number of analyst reports. Scotiabank lowered shares of Lithium Americas from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $15.00 to $7.00 in a research report on Monday, March 18th. JPMorgan Chase & Co. lifted their price objective on shares of Lithium Americas from $5.50 to $7.00 and gave the company a “neutral” rating in a research report on Monday, March 18th. Finally, Evercore ISI lowered their price objective on shares of Lithium Americas from $13.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, March 15th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.94.

About Lithium Americas

Lithium Americas Corp. engages in the exploration and development of lithium properties in the United States and Canada. It holds a 100% interest in the Thacker Pass project located in northern Nevada, as well as investments in exploration properties in the United States and Canada. Lithium Americas Corp.