Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) Short Interest Update

Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 191,700 shares, an increase of 205.7% from the January 15th total of 62,700 shares. Approximately 4.0% of the company’s stock are sold short. Based on an average daily volume of 128,100 shares, the short-interest ratio is presently 1.5 days.

Foremost Lithium Resource & Technology Price Performance

NASDAQ FMST traded down $0.00 during trading hours on Wednesday, hitting $0.99. The company’s stock had a trading volume of 65,066 shares, compared to its average volume of 274,964. The company has a market cap of $7.22 million, a P/E ratio of -1.50 and a beta of 2.32. The company’s 50 day simple moving average is $1.42 and its two-hundred day simple moving average is $2.16. Foremost Lithium Resource & Technology has a 12 month low of $0.90 and a 12 month high of $3.50.

Institutional Investors Weigh In On Foremost Lithium Resource & Technology

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

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.