First Phosphate (NASDAQ:PHOS) Stock Short Interest Report for October

First Phosphate (NASDAQ:PHOS) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 7,901 shares, a decrease of 48.1% from the September 30th total of 15,230 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 32,500 shares, the short-interest ratio is currently 0.2 days.

First Phosphate Trading Down 3.9%

Shares of PHOS stock traded down $0.49 during trading hours on Friday, reaching $12.19. 18,830 shares of the company’s stock were exchanged, compared to its average volume of 31,146. First Phosphate has a fifty-two week low of $10.97 and a fifty-two week high of $21.30.

Analyst Upgrades and Downgrades

PHOS has been the topic of a number of analyst reports. Weiss Ratings started coverage on First Phosphate in a report on Wednesday, September 16th. They set a “sell (e+)” rating on the stock. Wall Street Zen raised shares of First Phosphate to a “hold” rating in a research report on Saturday, September 26th. Noble Financial raised shares of First Phosphate to a “strong-buy” rating in a report on Thursday, September 17th. Finally, Zacks Research upgraded shares of First Phosphate to a “hold” rating in a report on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About First Phosphate

First Phosphate Corp. is a Canadian mineral development company focused on advancing phosphate resources in Quebec, Canada. The company is working to develop an integrated supply chain for lithium iron phosphate (LFP) battery materials, which are used in certain lithium-ion batteries for electric vehicles, energy storage systems and other applications.

First Phosphate’s activities include the exploration and development of phosphate properties in the Saguenay–Lac-Saint-Jean region of Quebec, including its Bégin-Lamarche project.