Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR) Sees Large Decrease in Short Interest

Posted by Francis Steltz on Jun 12th, 2026

Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR – Get Free Report) was the target of a significant decline in short interest in 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. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 74,044 shares, the short-interest ratio is presently 1.6 days.

Elevra Lithium Trading Up 8.2%

Shares of NASDAQ ELVR opened at $78.05 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.67 and a debt-to-equity ratio of 0.02. Elevra Lithium has a 52 week low of $15.55 and a 52 week high of $101.50. The company has a 50-day moving average of $80.30.

Insider Buying and Selling at Elevra Lithium

In other news, COO Sylvain Collard sold 41,561 shares of Elevra Lithium 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 owned 42,562 shares of the company’s stock, valued at $245,582.74. The trade was a 49.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hedge Funds Weigh In On Elevra Lithium

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Main Street Group LTD acquired a new position in Elevra Lithium during the first quarter worth about $27,000. Eagle Global Advisors LLC acquired a new position in Elevra Lithium during the fourth quarter worth about $202,000. Baader Bank Aktiengesellschaft acquired a new position in Elevra Lithium during the first quarter worth about $220,000. Hamilton Capital Partners LLC acquired a new position in Elevra Lithium during the fourth quarter worth about $263,000. Finally, LPL Financial LLC acquired a new position in Elevra Lithium during the fourth quarter worth about $309,000.

Wall Street Analysts Forecast Growth

ELVR has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Elevra Lithium in a research note on Wednesday, April 22nd. Wall Street Zen upgraded shares of Elevra Lithium from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Elevra Lithium presently has a consensus rating of “Hold”.

Read Our Latest Research Report on ELVR

About Elevra Lithium

(Get Free Report)

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.