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

Atlantic Lithium Limited (OTCMKTS:ALLIF) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 31,963 shares, a growth of 197.2% from the June 15th total of 10,754 shares. Based on an average trading volume of 38,412 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the company’s stock are sold short.

Atlantic Lithium Stock Performance

Shares of OTCMKTS:ALLIF opened at $0.21 on Monday. Atlantic Lithium has a 52 week low of $0.05 and a 52 week high of $0.28. The company’s 50 day moving average is $0.21 and its two-hundred day moving average is $0.20. The company has a market cap of $156.49 million, a PE ratio of -10.45 and a beta of -0.05.

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.