Sigma Lithium Co. (NASDAQ:SGML) Short Interest Update

() experienced a significant increase in short interest during the month of April. On April 30, there were 2,890,000 short shares, an increase of 25,7% over the total of 2,300,000. The days-tocover ratio, based on an average daily share volume of 823100 shares, is currently 3.5. Short-selling is currently 3.2% of shares.

Wall Street analysts forecast growth

SGML was the subject of many research analyst reports. Pi Financial reiterated a "buy" rating on Sigma Lithium shares in a report published on March 8th. BMO Capital Markets began covering shares of Sigma Lithium on Thursday, January 19, in a research note. A number of institutional shareholders have recently purchased and sold shares. Quantbot Technologies LP purchased a new stake in Sigma Lithium shares during the second quarter, valued at about $38,000. Spire Wealth Management bought a new share of Sigma Lithium in the third quarter for approximately $126,000. Sandbar Asset Management LLP bought a new share of Sigma Lithium in the first quarter, valued at about $133,000. Barclays PLC bought a new share of Sigma Lithium in the third quarter, valued at about $146,000. Marshall Wace LLP also purchased a position in Sigma Lithium shares during the third quarter, valued at about $202,000. Institutional investors own 6.56%.

Sigma Lithium Price Performance

Trading on Friday saw a $0.02 increase, with the price reaching $39.42. The trading volume was 411,823 compared to the average of 756,943. Sigma Lithium's 52-week low is $13.28. Its 52-week high is $40.30. The company's market cap is $4.23 billion. It has a P/E of -82.13, and a beta value of 0.35. The company has a 50-day moving average of 35.88, and a 200-day moving average is $33.03.

Sigma Lithium Company profile

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Sigma Lithium Corp. is engaged in the production of a lithium-based property. The project is centered in Minas Gerais. The company also plans to construct a commercial-scale, world-class lithium concentration plant. The company was established on June 8, 2011, and has its headquarters in Sao Paulo. offers a FREE daily email newsletter