Atlas Lithium Co. (NASDAQ:ATLX) Short Interest Update

Atlas Lithium Co. (NASDAQ:ATLX) saw a large decrease in short interest in the month of August. As of August 15th, there was short interest totalling 322,300 shares, a decrease of 18.4% from the July 31st total of 394,900 shares. Currently, 4.7% of the shares of the stock are sold short. Based on an average trading volume of 73,200 shares, the short-interest ratio is presently 4.4 days.

Analyst Ratings Changes

A number of analysts have recently weighed in on ATLX shares. HC Wainwright upped their price target on shares of Atlas Lithium from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. Roth Mkm dropped their target price on shares of Atlas Lithium from $36.00 to $25.50 and set a “buy” rating on the stock in a report on Friday, July 26th.

Atlas Lithium Stock Down 0.8 %

NASDAQ ATLX opened at $10.15 on Friday. The company has a debt-to-equity ratio of 3.74, a current ratio of 2.76 and a quick ratio of 2.75. The company’s 50 day simple moving average is $10.73 and its 200 day simple moving average is $13.57. Atlas Lithium has a 12 month low of $8.37 and a 12 month high of $34.00. The company has a market capitalization of $150.24 million, a P/E ratio of -2.14 and a beta of -0.73.

Institutional Trading of Atlas Lithium

An institutional investor recently bought a new position in Atlas Lithium stock. Tower Research Capital LLC TRC purchased a new stake in shares of Atlas Lithium Co. (NASDAQ:ATLX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,061 shares of the company’s stock, valued at approximately $33,000. 18.35% of the stock is currently owned by institutional investors and hedge funds.

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.