Atlantic Lithium Limited (OTCMKTS:ALLIF) Sees Significant Increase in Short Interest

Atlantic Lithium Limited (OTCMKTS:ALLIF) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 60 shares, an increase of ∞ from the May 14th total of 0 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 130,878 shares, the days-to-cover ratio is currently 0.0 days.

Atlantic Lithium Trading Down 9.3%

Shares of OTCMKTS ALLIF opened at $0.20 on Friday. The company has a market cap of $146.00 million, a price-to-earnings ratio of -6.50 and a beta of -0.10. Atlantic Lithium has a 12 month low of $0.05 and a 12 month high of $0.28. The stock has a 50-day moving average price of $0.21 and a two-hundred day moving average price of $0.19.

About Atlantic Lithium

Atlantic Lithium Limited engages in the exploration and development of mineral properties in West Africa. It primarily explores for lithium deposits. The company's flagship project is the Ewoyaa lithium project located in Ghana. It holds interest in a lithium property covering an area of 774 square kilometers in Côte d'Ivoire. The company was formerly known as IronRidge Resources Limited and changed its name to Atlantic Lithium Limited in November 2021. Atlantic Lithium Limited was incorporated in 2007 and is based in Sydney, Australia.