Short Interest in Critical Metals Corp. (NASDAQ:CRML) Drops By 17.9%

Critical Metals Corp. (NASDAQ:CRML) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 717,200 shares, a decline of 17.9% from the February 28th total of 873,300 shares. Based on an average trading volume of 473,500 shares, the days-to-cover ratio is presently 1.5 days. Approximately 4.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Barclays PLC lifted its stake in Critical Metals by 22.9% in the 4th quarter. Barclays PLC now owns 12,876 shares of the company’s stock valued at $88,000 after acquiring an additional 2,403 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Critical Metals by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 107,034 shares of the company’s stock valued at $727,000 after purchasing an additional 2,696 shares during the last quarter. Northern Trust Corp lifted its position in shares of Critical Metals by 13.2% in the fourth quarter. Northern Trust Corp now owns 48,641 shares of the company’s stock worth $330,000 after purchasing an additional 5,670 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Critical Metals by 111.2% in the third quarter. JPMorgan Chase & Co. now owns 12,044 shares of the company’s stock worth $90,000 after purchasing an additional 6,341 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors.

Critical Metals Price Performance

NASDAQ CRML traded up $0.19 on Wednesday, reaching $1.61. The company had a trading volume of 371,080 shares, compared to its average volume of 550,585. The company’s fifty day moving average is $3.78 and its 200-day moving average is $5.79. Critical Metals has a 1-year low of $1.25 and a 1-year high of $12.98.

Critical Metals Company Profile

Critical Metals Corp. engages in the mining, exploration, and development of lithium metals. It owns Wolfsberg Project and Tanbreez Project. The company was founded on October 24, 2022 and is headquartered in British Virgin Islands.