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

Standard Lithium Ltd. (NYSEAMERICAN:SLI) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 2,779,088 shares, a decline of 40.2% from the May 14th total of 4,650,215 shares. Based on an average daily volume of 1,628,900 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.1% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Evercore started coverage on shares of Standard Lithium in a report on Wednesday, April 29th. They issued an “outperform” rating and a $4.75 target price for the company. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $5.13.

Institutional Investors Weigh In On Standard Lithium

Several large investors have recently made changes to their positions in SLI. Aquatic Capital Management LLC acquired a new stake in shares of Standard Lithium in the third quarter worth $26,000. Bank of America Corp DE increased its position in shares of Standard Lithium by 64.4% in the second quarter. Bank of America Corp DE now owns 15,412 shares of the company’s stock worth $30,000 after acquiring an additional 6,040 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Standard Lithium in the second quarter worth $36,000. Stone House Investment Management LLC increased its position in shares of Standard Lithium by 734.3% in the fourth quarter. Stone House Investment Management LLC now owns 8,343 shares of the company’s stock worth $37,000 after acquiring an additional 7,343 shares in the last quarter. Finally, Themes Management Co LLC acquired a new stake in shares of Standard Lithium in the first quarter worth $39,000. Institutional investors and hedge funds own 16.70% of the company’s stock.

Standard Lithium Stock Performance

Standard Lithium stock traded down $0.01 during trading on Monday, reaching $3.57. The company had a trading volume of 2,106,593 shares, compared to its average volume of 2,207,330. Standard Lithium has a 12-month low of $1.77 and a 12-month high of $6.40. The stock’s 50 day moving average price is $3.73 and its two-hundred day moving average price is $4.24. The firm has a market capitalization of $869.87 million, a price-to-earnings ratio of -16.23 and a beta of 1.75.

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.