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

Atlantic Lithium Limited (OTCMKTS:ALLIF) was the recipient of a large growth in short interest in the month of 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. Currently, 0.0% of the company’s stock are sold short.

Atlantic Lithium Stock Performance

Shares of OTCMKTS:ALLIF opened at $0.20 on Wednesday. The firm has a market capitalization of $149.75 million, a P/E ratio of -10.00 and a beta of -0.05. The stock has a 50 day moving average price of $0.21 and a 200-day moving average price of $0.20. Atlantic Lithium has a 52-week low of $0.07 and a 52-week high of $0.28.

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.