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

First Phosphate (NASDAQ:PHOS) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 7,901 shares, a drop of 48.1% from the September 30th total of 15,230 shares. Based on an average daily volume of 32,500 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

First Phosphate Price Performance

NASDAQ:PHOS traded down $0.49 on Friday, reaching $12.19. The stock had a trading volume of 18,830 shares, compared to its average volume of 31,146. First Phosphate has a 12-month low of $10.97 and a 12-month high of $21.30.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Zacks Research raised First Phosphate to a “hold” rating in a research report on Friday, September 18th. Weiss Ratings initiated coverage on First Phosphate in a report on Wednesday, September 16th. They issued a “sell (e+)” rating for the company. Wall Street Zen raised shares of First Phosphate to a “hold” rating in a research report on Saturday, September 26th. Finally, Noble Financial upgraded shares of First Phosphate to a “strong-buy” rating in a research note on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

About First Phosphate

First Phosphate Corp. is a Canadian mineral development company focused on advancing phosphate resources in Quebec, Canada. The company is working to develop an integrated supply chain for lithium iron phosphate (LFP) battery materials, which are used in certain lithium-ion batteries for electric vehicles, energy storage systems and other applications.

First Phosphate’s activities include the exploration and development of phosphate properties in the Saguenay–Lac-Saint-Jean region of Quebec, including its Bégin-Lamarche project.