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

First Phosphate (NASDAQ:PHOS) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 15,230 shares, a growth of 211.1% from the September 15th total of 4,896 shares. Based on an average daily volume of 36,426 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

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

First Phosphate Price Performance

NASDAQ PHOS opened at $14.23 on Wednesday. First Phosphate has a 1-year low of $12.82 and a 1-year high of $21.30.

First Phosphate Company Profile

First Phosphate Corp. is a Canadian mineral development company focused on building an integrated supply chain for lithium iron phosphate (LFP) batteries. The company’s activities include the exploration and development of phosphate mineral properties, the production of purified phosphoric acid and phosphoric salts, and the eventual manufacture of LFP cathode active material for use in lithium-ion batteries.

First Phosphate’s mineral projects are located in Quebec’s Saguenay–Lac-Saint-Jean region, an area with established hydroelectric power, transportation infrastructure and industrial resources.