Standard Lithium Ltd. (NYSEAMERICAN:SLI) Short Interest Update

Standard Lithium Ltd. (NYSEAMERICAN:SLI) saw a large drop in short interest in February. As of February 13th, there was short interest totaling 5,870,019 shares, a drop of 20.1% from the January 29th total of 7,342,817 shares. Based on an average daily volume of 2,784,700 shares, the short-interest ratio is currently 2.1 days. Approximately 2.4% of the company’s stock are short sold. Approximately 2.4% of the company’s stock are short sold. Based on an average daily volume of 2,784,700 shares, the short-interest ratio is currently 2.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp acquired a new position in Standard Lithium in the fourth quarter valued at about $69,461,000. Encompass Capital Advisors LLC acquired a new position in shares of Standard Lithium during the fourth quarter worth $36,000,000. Burkehill Global Management LP bought a new stake in Standard Lithium during the 4th quarter worth $8,940,000. Balyasny Asset Management L.P. acquired a new stake in shares of Standard Lithium during the fourth quarter valued at about $5,756,000. Finally, Amundi bought a new stake in Standard Lithium during the 4th quarter worth approximately $4,823,000. Institutional investors and hedge funds own 16.70% of the company’s stock.

Standard Lithium Trading Up 1.8%

Standard Lithium stock traded up $0.08 during midday trading on Wednesday, reaching $4.45. 2,290,838 shares of the company’s stock were exchanged, compared to its average volume of 2,183,720. The stock’s 50-day simple moving average is $4.71 and its 200 day simple moving average is $4.12. Standard Lithium has a 52 week low of $1.08 and a 52 week high of $6.40.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Roth Mkm lowered their price target on Standard Lithium from $6.00 to $5.50 and set a “buy” rating for the company in a research note on Wednesday, November 12th. BMO Capital Markets reissued an “outperform” rating on shares of Standard Lithium in a research report on Wednesday, January 28th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $5.25.

Standard Lithium Company Profile

Standard Lithium (NYSEAMERICAN: SLI) is a mineral exploration and development company focused on the extraction of lithium from sedimentary brine resources. Utilizing direct lithium extraction (DLE) processes, the company aims to deliver high-purity lithium carbonate and lithium hydroxide suitable for the battery and electric vehicle markets. Standard Lithium’s technology is designed to accelerate lithium recovery rates while minimizing environmental impact compared to traditional solar evaporation methods.

The company’s flagship project is located in the Smackover Formation of southern Arkansas, in collaboration with chemical producer LANXESS.