Short Interest in Standard Lithium Ltd. (NYSEAMERICAN:SLI) Drops By 19.2%

Standard Lithium Ltd. (NYSEAMERICAN:SLI) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 6,823,893 shares, a decrease of 19.2% from the December 31st total of 8,440,533 shares. Currently, 2.8% of the company’s shares are short sold. Based on an average trading volume of 3,034,858 shares, the days-to-cover ratio is currently 2.2 days. Based on an average trading volume of 3,034,858 shares, the days-to-cover ratio is currently 2.2 days. Currently, 2.8% of the company’s shares are short sold.

Standard Lithium Price Performance

Shares of NYSEAMERICAN:SLI traded down $0.37 during midday trading on Wednesday, hitting $4.35. The company had a trading volume of 3,239,093 shares, compared to its average volume of 3,446,045. Standard Lithium has a 12-month low of $1.08 and a 12-month high of $6.40. The company has a fifty day moving average of $4.84 and a two-hundred day moving average of $3.87. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -19.77 and a beta of 1.73.

Institutional Investors Weigh In On Standard Lithium

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SLI. Invesco Ltd. lifted its holdings in Standard Lithium by 15.2% during the third quarter. Invesco Ltd. now owns 2,517,414 shares of the company’s stock valued at $8,484,000 after purchasing an additional 331,995 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Standard Lithium by 2.1% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,641,489 shares of the company’s stock valued at $5,636,000 after purchasing an additional 33,540 shares during the period. Stanley Laman Group Ltd. lifted its stake in shares of Standard Lithium by 3.4% during the 4th quarter. Stanley Laman Group Ltd. now owns 892,195 shares of the company’s stock valued at $3,988,000 after buying an additional 28,957 shares in the last quarter. Alps Advisors Inc. boosted its holdings in Standard Lithium by 22.3% in the 3rd quarter. Alps Advisors Inc. now owns 548,583 shares of the company’s stock worth $1,849,000 after buying an additional 100,031 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new stake in Standard Lithium in the 3rd quarter worth $1,816,000. 16.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SLI has been the topic of a number of research analyst reports. Canaccord Genuity Group lifted their price objective on Standard Lithium from $5.00 to $7.50 and gave the company a “speculative buy” rating in a research report on Tuesday, October 21st. BMO Capital Markets reiterated an “outperform” rating on shares of Standard Lithium in a research note on Wednesday, January 28th. Finally, Roth Mkm reduced their price target on shares of Standard Lithium from $6.00 to $5.50 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Standard Lithium currently has a consensus rating of “Buy” and an average target price of $5.25.

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.