Short Interest in Critical Metals Corp. (NASDAQ:CRML) Increases By 20.2%

Critical Metals Corp. (NASDAQ:CRML) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 873,300 shares, a growth of 20.2% from the February 13th total of 726,600 shares. Approximately 5.2% of the company’s shares are short sold. Based on an average daily trading volume, of 362,600 shares, the days-to-cover ratio is presently 2.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC lifted its holdings in Critical Metals by 322.8% during the 3rd quarter. Barclays PLC now owns 10,473 shares of the company’s stock worth $77,000 after buying an additional 7,996 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Critical Metals by 111.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,044 shares of the company’s stock valued at $90,000 after purchasing an additional 6,341 shares during the period. Northern Trust Corp lifted its stake in shares of Critical Metals by 13.2% in the 4th quarter. Northern Trust Corp now owns 48,641 shares of the company’s stock valued at $330,000 after purchasing an additional 5,670 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Critical Metals by 2.6% in the 4th 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 period. 86.44% of the stock is owned by institutional investors and hedge funds.

Critical Metals Stock Down 2.7 %

CRML traded down $0.05 during midday trading on Wednesday, hitting $1.85. 403,410 shares of the company were exchanged, compared to its average volume of 129,927. Critical Metals has a 1-year low of $1.50 and a 1-year high of $14.00. The firm’s 50 day moving average price is $5.04 and its 200-day moving average price is $6.20.

About Critical Metals

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.