Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR) Sees Significant Growth in Short Interest

Elevra Lithium Limited – Sponsored ADR (NASDAQ:ELVR) was the target 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. Currently, 1.5% of the shares of the stock are short sold. Based on an average trading volume of 299,739 shares, the days-to-cover ratio is currently 1.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Elevra Lithium in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Elevra Lithium has a consensus rating of “Hold”.

Institutional Trading of Elevra Lithium

Several institutional investors and hedge funds have recently modified their holdings of ELVR. Royce & Associates LP grew its position in shares of Elevra Lithium by 17.8% in the fourth quarter. Royce & Associates LP now owns 53,018 shares of the company’s stock valued at $2,787,000 after purchasing an additional 8,004 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of Elevra Lithium during the 4th quarter worth approximately $1,550,000. Legal & General Group Plc purchased a new stake in Elevra Lithium in the 4th quarter valued at approximately $17,279,000. The Manufacturers Life Insurance Company grew its holdings in Elevra Lithium by 8.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 12,926 shares of the company’s stock valued at $761,000 after buying an additional 1,036 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new position in Elevra Lithium during the first quarter worth $220,000.

Elevra Lithium Trading Up 1.7%

Elevra Lithium stock opened at $64.17 on Thursday. Elevra Lithium has a 52 week low of $15.55 and a 52 week high of $102.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.21 and a current ratio of 1.67. The stock has a 50-day simple moving average of $80.07.

About Elevra Lithium

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.