Atlas Lithium Co. (NASDAQ:ATLX) Short Interest Down 39.5% in April

Atlas Lithium Co. (NASDAQ:ATLX) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 168,900 shares, a decrease of 39.5% from the March 31st total of 279,200 shares. Approximately 3.9% of the shares of the stock are sold short. Based on an average daily volume of 96,400 shares, the short-interest ratio is presently 1.8 days.

Institutional Trading of Atlas Lithium

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cross Staff Investments Inc boosted its position in shares of Atlas Lithium by 1.1% in the fourth quarter. Cross Staff Investments Inc now owns 215,612 shares of the company’s stock worth $6,744,000 after acquiring an additional 2,400 shares during the last quarter. Barclays PLC purchased a new position in Atlas Lithium during the second quarter worth approximately $28,000. Tower Research Capital LLC TRC acquired a new position in shares of Atlas Lithium in the 4th quarter valued at $33,000. Finally, Dorsey Wright & Associates purchased a new stake in shares of Atlas Lithium during the 3rd quarter valued at $28,000. Hedge funds and other institutional investors own 18.35% of the company’s stock.

Atlas Lithium Trading Up 4.4 %

NASDAQ ATLX traded up $0.62 during mid-day trading on Friday, reaching $14.67. 30,853 shares of the stock were exchanged, compared to its average volume of 87,049. The business’s fifty day simple moving average is $15.50 and its 200 day simple moving average is $21.87. The company has a debt-to-equity ratio of 1.04, a quick ratio of 5.24 and a current ratio of 5.24. The stock has a market capitalization of $187.34 million, a PE ratio of -3.61 and a beta of -1.14. Atlas Lithium has a 1-year low of $11.80 and a 1-year high of $45.00.

Atlas Lithium (NASDAQ:ATLX) last posted its quarterly earnings data on Wednesday, March 27th. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.47) by ($0.88). On average, research analysts anticipate that Atlas Lithium will post -2 earnings per share for the current fiscal year.

Analyst Ratings Changes

ATLX has been the topic of a number of analyst reports. HC Wainwright lowered their target price on Atlas Lithium from $52.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, April 1st. Alliance Global Partners decreased their price objective on Atlas Lithium from $75.00 to $55.00 and set a “buy” rating on the stock in a research note on Tuesday, April 2nd. Finally, Roth Mkm dropped their price objective on Atlas Lithium from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, April 1st.

Atlas Lithium Company Profile

Atlas Lithium Corporation operates as a mineral exploration and development company in Brazil. It operates the Minas Gerais lithium project that consists of 54 mineral rights covering an area of 59,275 acres located within the Brazilian Eastern Pegmatitic Province; and Northeastern Brazil lithium project, which consists of 7 mineral rights covering an area of 16,266 acres in the States of Paraíba and Rio Grande do Norte in northeastern Brazil.