Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR) Sees Large Decrease in Short Interest

Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 115,600 shares, a decline of 57.8% from the May 14th total of 274,014 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 74,044 shares, the short-interest ratio is presently 1.6 days.

Analyst Upgrades and Downgrades

ELVR has been the subject of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Elevra Lithium in a research report on Wednesday, April 22nd. Wall Street Zen raised shares of Elevra Lithium from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Insider Transactions at Elevra Lithium

In other Elevra Lithium news, COO Sylvain Collard sold 41,561 shares of Elevra Lithium stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $5.77, for a total transaction of $239,806.97. Following the completion of the transaction, the chief operating officer owned 42,562 shares in the company, valued at approximately $245,582.74. The trade was a 49.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Elevra Lithium

Institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc purchased a new stake in Elevra Lithium in the fourth quarter valued at approximately $17,279,000. Royce & Associates LP grew its holdings in Elevra Lithium by 17.8% in the fourth quarter. Royce & Associates LP now owns 53,018 shares of the company’s stock valued at $2,787,000 after purchasing an additional 8,004 shares during the period. Eagle Global Advisors LLC purchased a new stake in Elevra Lithium in the fourth quarter valued at approximately $202,000. Hamilton Capital Partners LLC purchased a new stake in Elevra Lithium in the fourth quarter valued at approximately $263,000. Finally, Jane Street Group LLC grew its holdings in Elevra Lithium by 19.2% in the fourth quarter. Jane Street Group LLC now owns 27,563 shares of the company’s stock valued at $1,449,000 after purchasing an additional 4,433 shares during the period.

Elevra Lithium Price Performance

NASDAQ:ELVR opened at $78.05 on Friday. The firm has a 50 day moving average price of $80.30. The company has a quick ratio of 1.21, a current ratio of 1.67 and a debt-to-equity ratio of 0.02. Elevra Lithium has a 1-year low of $15.55 and a 1-year high of $101.50.

About Elevra Lithium

Elevra Lithium Limited, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of mineral assets in Australia and Canada. The company explores for lithium, graphite, and gold deposits. Its flagship property includes the North American Lithium project that consists of 41 claims and one mining lease covering an area of approximately 1,493 hectares located in Quebec, Canada. The company was formerly known as Sayona Mining Limited and changed its name to Elevra Lithium Limited in August 2025.