Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) Sees Large Drop in Short Interest

Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 82,000 shares, a decline of 57.2% from the January 31st total of 191,700 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 134,800 shares, the short-interest ratio is currently 0.6 days.

Foremost Lithium Resource & Technology Trading Down 2.8 %

NASDAQ:FMST opened at $0.84 on Monday. Foremost Lithium Resource & Technology has a 12 month low of $0.75 and a 12 month high of $3.48. The stock has a 50 day moving average of $1.28 and a two-hundred day moving average of $2.00. The firm has a market cap of $6.15 million, a P/E ratio of -1.17 and a beta of 2.32.

Foremost Lithium Resource & Technology (NASDAQ:FMST) last posted its quarterly earnings results on Wednesday, February 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.16). On average, research analysts forecast that Foremost Lithium Resource & Technology will post -0.58 earnings per share for the current year.

Institutional Investors Weigh In On Foremost Lithium Resource & Technology

An institutional investor recently bought a new position in Foremost Lithium Resource & Technology stock. Sprott Inc. purchased a new stake in Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 167,000 shares of the company’s stock, valued at approximately $230,000. Sprott Inc. owned approximately 2.29% of Foremost Lithium Resource & Technology at the end of the most recent reporting period. 0.13% of the stock is currently owned by hedge funds and other institutional investors.

Foremost Lithium Resource & Technology Company Profile

Foremost Clean Energy Ltd. engages in uranium and lithium exploration. Its uranium properties include the Eastern Athabasca and Blue Sky projects. The firm also maintains a secondary portfolio of lithium projects including Zoro, Jean Lake, Peg North, Grass River, and Jol. It operates through the Canada and United States geographical segments.