Standard Lithium Ltd. (NYSEAMERICAN:SLI) Sees Large Growth in Short Interest

Standard Lithium Ltd. (NYSEAMERICAN:SLI) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 5,082,241 shares, an increase of 64.1% from the July 15th total of 3,097,815 shares. Based on an average daily volume of 1,734,932 shares, the short-interest ratio is presently 2.9 days. Approximately 2.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Jump Financial LLC bought a new stake in Standard Lithium during the second quarter valued at about $43,000. Cerity Partners LLC acquired a new position in shares of Standard Lithium during the 2nd quarter worth about $44,000. WINTON GROUP Ltd acquired a new position in shares of Standard Lithium during the 2nd quarter worth about $36,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Standard Lithium by 2.4% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,607,949 shares of the company’s stock valued at $3,180,000 after purchasing an additional 37,474 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in Standard Lithium by 4.3% during the 2nd quarter. Raymond James Financial Inc. now owns 110,974 shares of the company’s stock valued at $218,000 after purchasing an additional 4,600 shares during the period. Institutional investors own 16.70% of the company’s stock.

Standard Lithium Trading Down 1.7%

Standard Lithium stock traded down $0.04 during trading hours on Tuesday, reaching $2.25. 1,669,131 shares of the company were exchanged, compared to its average volume of 2,096,973. Standard Lithium has a 12 month low of $1.91 and a 12 month high of $6.40. The stock has a 50-day moving average of $2.62 and a 200 day moving average of $3.50. The firm has a market cap of $554.42 million, a price-to-earnings ratio of -10.23 and a beta of 1.83.

Wall Street Analysts Forecast Growth

Separately, Evercore began coverage on shares of Standard Lithium in a research report on Wednesday, April 29th. They set an “outperform” rating and a $4.75 target price on the stock. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Standard Lithium has a consensus rating of “Buy” and a consensus target price of $5.92.

About Standard Lithium

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.