Lithium Americas Corp. (NYSE:LAC – Get Free Report) saw a large increase in short interest in July. As of July 31st, there was short interest totalling 21,890,000 shares, an increase of 14.4% from the July 15th total of 19,140,000 shares. Currently, 11.8% of the company’s stock are sold short. Based on an average trading volume of 4,530,000 shares, the days-to-cover ratio is currently 4.8 days.
Institutional Trading of Lithium Americas
Hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in shares of Lithium Americas in the fourth quarter valued at $71,000. Mackenzie Financial Corp boosted its position in shares of Lithium Americas by 28.6% during the 4th quarter. Mackenzie Financial Corp now owns 257,589 shares of the company’s stock valued at $1,653,000 after acquiring an additional 57,232 shares in the last quarter. Panview Asian Equity Master Fund acquired a new stake in shares of Lithium Americas during the 4th quarter valued at about $1,911,000. Parametrica Management Ltd bought a new stake in Lithium Americas in the fourth quarter valued at about $68,000. Finally, Intact Investment Management Inc. acquired a new position in Lithium Americas in the fourth quarter worth about $595,000.
Lithium Americas Stock Performance
Shares of NYSE:LAC traded up $0.18 on Friday, hitting $2.57. 5,176,600 shares of the company were exchanged, compared to its average volume of 4,234,666. The company’s 50 day moving average price is $2.67 and its two-hundred day moving average price is $4.19. Lithium Americas has a one year low of $2.02 and a one year high of $12.38.
Wall Street Analysts Forecast Growth
About Lithium Americas
Lithium Americas Corp. engages in the exploration and development of lithium properties in the United States and Canada. It holds a 100% interest in the Thacker Pass project located in northern Nevada, as well as investments in exploration properties in the United States and Canada. Lithium Americas Corp.
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