Standard Lithium Ltd. (NYSEAMERICAN:SLI) Short Interest Up 64.1% in July

Standard Lithium Ltd. (NYSEAMERICAN:SLI) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 5,082,241 shares, an increase of 64.1% from the July 15th total of 3,097,815 shares. Approximately 2.1% of the company’s stock are sold short. Based on an average daily volume of 1,734,932 shares, the short-interest ratio is currently 2.9 days.

Analyst Ratings Changes

Separately, Evercore began coverage on Standard Lithium in a research report on Wednesday, April 29th. They set an “outperform” rating and a $4.75 price objective for the company. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $5.92.

Institutional Trading of Standard Lithium

Hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp purchased a new stake in shares of Standard Lithium in the 4th quarter worth approximately $69,461,000. Encompass Capital Advisors LLC purchased a new position in Standard Lithium during the fourth quarter valued at $36,000,000. Invesco Ltd. boosted its holdings in Standard Lithium by 15.2% in the third quarter. Invesco Ltd. now owns 2,517,414 shares of the company’s stock worth $8,484,000 after acquiring an additional 331,995 shares in the last quarter. Burkehill Global Management LP bought a new stake in Standard Lithium in the fourth quarter worth $8,940,000. Finally, Amundi grew its stake in shares of Standard Lithium by 64.9% in the first quarter. Amundi now owns 1,779,555 shares of the company’s stock worth $6,068,000 after acquiring an additional 700,555 shares during the last quarter. 16.70% of the stock is owned by institutional investors.

Standard Lithium Trading Down 3.8%

NYSEAMERICAN:SLI traded down $0.09 during mid-day trading on Monday, hitting $2.29. 1,076,954 shares of the company’s stock were exchanged, compared to its average volume of 1,667,834. Standard Lithium has a one year low of $1.91 and a one year high of $6.40. The business has a fifty day moving average price of $2.62 and a 200 day moving average price of $3.50.

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.