Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR) Sees Large Increase in Short Interest

Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 298,677 shares, a growth of 98.2% from the June 15th total of 150,680 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 299,739 shares, the short-interest ratio is presently 1.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Elevra Lithium in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Hedge Funds Weigh In On Elevra Lithium

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Main Street Group LTD bought a new stake in shares of Elevra Lithium during the 1st quarter valued at $27,000. GAMMA Investing LLC grew its position in shares of Elevra Lithium by 16.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,159 shares of the company’s stock worth $79,000 after buying an additional 164 shares during the period. Eagle Global Advisors LLC bought a new position in shares of Elevra Lithium in the 4th quarter worth about $202,000. Baader Bank Aktiengesellschaft purchased a new position in Elevra Lithium during the 1st quarter valued at about $220,000. Finally, Hamilton Capital Partners LLC purchased a new position in Elevra Lithium during the 4th quarter valued at about $263,000.

Elevra Lithium Stock Performance

ELVR opened at $60.10 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.67 and a quick ratio of 1.21. Elevra Lithium has a 52 week low of $15.55 and a 52 week high of $102.80. The company has a 50 day moving average price of $78.58.

Elevra Lithium Company Profile

Elevra Lithium Limited, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of mineral assets in Australia and Canada. The company explores for lithium, graphite, and gold deposits. Its flagship property includes the North American Lithium project that consists of 41 claims and one mining lease covering an area of approximately 1,493 hectares located in Quebec, Canada. The company was formerly known as Sayona Mining Limited and changed its name to Elevra Lithium Limited in August 2025.