Short Interest in Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR) Drops By 57.8%

Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR) was the target of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 115,600 shares, a decline of 57.8% from the May 14th total of 274,014 shares. Based on an average trading volume of 74,044 shares, the short-interest ratio is presently 1.6 days. Currently, 0.6% of the company’s shares are short sold.

Analyst Ratings Changes

Several analysts recently issued reports on ELVR shares. Wall Street Zen upgraded shares of Elevra Lithium from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Elevra Lithium in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Insider Activity at Elevra Lithium

In related news, COO Sylvain Collard sold 41,561 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $5.77, for a total value of $239,806.97. Following the sale, the chief operating officer directly owned 42,562 shares in the company, valued at approximately $245,582.74. The trade was a 49.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hedge Funds Weigh In On Elevra Lithium

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Main Street Group LTD acquired a new position in shares of Elevra Lithium during the first quarter worth about $27,000. The Manufacturers Life Insurance Company grew its position in shares of Elevra Lithium by 8.7% during the first 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 in the last quarter. Baader Bank Aktiengesellschaft acquired a new position in shares of Elevra Lithium during the first quarter worth about $220,000. Eagle Global Advisors LLC acquired a new position in shares of Elevra Lithium during the fourth quarter worth about $202,000. Finally, Jane Street Group LLC grew its position in shares of Elevra Lithium by 19.2% during the fourth quarter. Jane Street Group LLC now owns 27,563 shares of the company’s stock worth $1,449,000 after buying an additional 4,433 shares in the last quarter.

Elevra Lithium Stock Up 8.3%

NASDAQ:ELVR traded up $6.46 on Friday, reaching $84.51. 136,734 shares of the company’s stock were exchanged, compared to its average volume of 73,722. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.67 and a quick ratio of 1.21. The business has a fifty day simple moving average of $80.76. Elevra Lithium has a 52-week low of $15.55 and a 52-week high of $101.50.

About Elevra Lithium

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.