Snow Lake Resources Ltd. (NASDAQ:LITM) Short Interest Down 35.3% in February

Snow Lake Resources Ltd. (NASDAQ:LITM) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,650,000 shares, a drop of 35.3% from the February 13th total of 2,550,000 shares. Currently, 1.8% of the company’s shares are sold short. Based on an average trading volume of 38,790,000 shares, the days-to-cover ratio is presently 0.0 days.

Snow Lake Resources Stock Performance

Shares of Snow Lake Resources stock traded up $0.05 during trading hours on Friday, hitting $0.39. The company’s stock had a trading volume of 3,712,976 shares, compared to its average volume of 10,417,566. The firm has a fifty day moving average of $0.69 and a 200-day moving average of $0.47. Snow Lake Resources has a twelve month low of $0.15 and a twelve month high of $1.88.

Hedge Funds Weigh In On Snow Lake Resources

Several large investors have recently made changes to their positions in the stock. United Capital Management of KS Inc. purchased a new stake in Snow Lake Resources in the fourth quarter valued at approximately $34,000. Renaissance Technologies LLC grew its position in Snow Lake Resources by 284.8% in the 4th quarter. Renaissance Technologies LLC now owns 43,100 shares of the company’s stock valued at $41,000 after acquiring an additional 31,900 shares in the last quarter. Two Sigma Securities LLC lifted its position in shares of Snow Lake Resources by 81.7% during the fourth quarter. Two Sigma Securities LLC now owns 44,635 shares of the company’s stock worth $43,000 after purchasing an additional 20,069 shares in the last quarter. Virtu Financial LLC grew its holdings in shares of Snow Lake Resources by 308.7% in the fourth quarter. Virtu Financial LLC now owns 66,576 shares of the company’s stock valued at $64,000 after purchasing an additional 50,285 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Snow Lake Resources during the 4th quarter worth approximately $72,000. 0.24% of the stock is currently owned by institutional investors and hedge funds.

About Snow Lake Resources

Snow Lake Resources Ltd., a natural resource exploration company, engages in the exploration and development of mineral resources in Canada. The company explores for lithium mineral resources. Its flagship property is the Thomson Brothers and Grass River lithium projects located to Crowduck Bay Fault region.