Short Interest in Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) Drops By 5.5%

Foremost Lithium Resource & Technology Ltd. (NASDAQ:FMST) saw a significant drop in short interest in September. As of September 15th, there was short interest totalling 55,300 shares, a drop of 5.5% from the August 31st total of 58,500 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 9,500 shares, the short-interest ratio is currently 5.8 days.

Foremost Lithium Resource & Technology Price Performance

Shares of FMST opened at $2.81 on Wednesday. The company has a market capitalization of $15.41 million and a P/E ratio of -3.85. Foremost Lithium Resource & Technology has a one year low of $1.77 and a one year high of $4.36. The business’s 50 day simple moving average is $2.91 and its 200-day simple moving average is $2.73.

Foremost Lithium Resource & Technology (NASDAQ:FMST) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.12) EPS for the quarter. On average, sell-side analysts anticipate that Foremost Lithium Resource & Technology will post -0.6 EPS for the current fiscal year.

About Foremost Lithium Resource & Technology

Foremost Lithium Resource & Technology Ltd., an exploration stage company, engages in the hard-rock exploration and acquisition of lithium properties in Canada. Its lithium properties cover approximately 43,000 acres in Snow Lake, Manitoba, and hosts a Lac Simard South property in a lithium camp situated on approximately 11,400 acres in Quebec.