Standard Lithium Ltd. (NYSEAMERICAN:SLI) Sees Large Increase in Short Interest

Standard Lithium Ltd. (NYSEAMERICAN:SLI) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 5,082,241 shares, an increase of 64.1% from the July 15th total of 3,097,815 shares. Currently, 2.1% of the company’s shares are sold short. Based on an average daily volume of 1,734,932 shares, the short-interest ratio is presently 2.9 days.

Analyst Ratings Changes

Separately, Evercore began coverage on Standard Lithium in a research report on Wednesday, April 29th. They set an “outperform” rating and a $4.75 target price for the company. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $5.92.

Standard Lithium Stock Up 0.4%

Shares of NYSEAMERICAN SLI traded up $0.01 during midday trading on Wednesday, reaching $2.26. 135,749 shares of the company’s stock traded hands, compared to its average volume of 2,084,264. The company has a market cap of $556.89 million, a price-to-earnings ratio of -10.27 and a beta of 1.83. The stock’s 50 day simple moving average is $2.60 and its 200-day simple moving average is $3.48. Standard Lithium has a one year low of $1.91 and a one year high of $6.40.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Aquatic Capital Management LLC bought a new stake in Standard Lithium during the third quarter valued at about $26,000. Susquehanna Advisors Group Inc. bought a new position in Standard Lithium in the fourth quarter worth about $48,000. Argent Advisors Inc. purchased a new stake in shares of Standard Lithium during the fourth quarter valued at about $48,000. Themes Management Co LLC purchased a new stake in shares of Standard Lithium during the first quarter valued at about $39,000. Finally, Parallel Advisors LLC boosted its holdings in shares of Standard Lithium by 1,000.0% in the 4th quarter. Parallel Advisors LLC now owns 11,000 shares of the company’s stock valued at $49,000 after buying an additional 10,000 shares in the last quarter. 16.70% of the stock is owned by institutional investors.

About Standard Lithium

Standard Lithium (NYSEAMERICAN: SLI) is a mineral exploration and development company focused on the extraction of lithium from sedimentary brine resources. Utilizing direct lithium extraction (DLE) processes, the company aims to deliver high-purity lithium carbonate and lithium hydroxide suitable for the battery and electric vehicle markets. Standard Lithium’s technology is designed to accelerate lithium recovery rates while minimizing environmental impact compared to traditional solar evaporation methods.

The company’s flagship project is located in the Smackover Formation of southern Arkansas, in collaboration with chemical producer LANXESS.