Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) Short Interest Down 13.9% in February

Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 70,600 shares, a decrease of 13.9% from the February 13th total of 82,000 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average trading volume of 139,400 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Foremost Lithium Resource & Technology stock. Sprott Inc. bought a new stake in Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 167,000 shares of the company’s stock, valued at approximately $230,000. Sprott Inc. owned approximately 2.29% of Foremost Lithium Resource & Technology at the end of the most recent quarter. 0.13% of the stock is owned by institutional investors and hedge funds.

Foremost Lithium Resource & Technology Trading Up 5.4 %

Shares of NASDAQ FMST opened at $0.78 on Friday. The stock has a market cap of $5.69 million, a price-to-earnings ratio of -1.08 and a beta of 2.63. Foremost Lithium Resource & Technology has a 52 week low of $0.55 and a 52 week high of $3.48. The company’s 50-day moving average price is $1.08 and its 200 day moving average price is $1.80.

Foremost Lithium Resource & Technology (NASDAQ:FMST) last issued its quarterly earnings data on Wednesday, February 12th. The company reported ($0.16) EPS for the quarter, meeting analysts’ consensus estimates of ($0.16). As a group, research analysts expect that Foremost Lithium Resource & Technology will post -0.58 earnings per share for the current year.

Foremost Lithium Resource & Technology Company Profile

Foremost Clean Energy Ltd. engages in uranium and lithium exploration. Its uranium properties include the Eastern Athabasca and Blue Sky projects. The firm also maintains a secondary portfolio of lithium projects including Zoro, Jean Lake, Peg North, Grass River, and Jol. It operates through the Canada and United States geographical segments.