Critical Metals Corp. (NASDAQ:CRML) Sees Large Decrease in Short Interest

Critical Metals Corp. (NASDAQ:CRML) was the target of a significant decline in short interest during the month of 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. Approximately 4.3% of the company’s stock are short sold. Based on an average daily volume of 473,500 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Trading of Critical Metals

A number of hedge funds have recently bought and sold shares of CRML. Geode Capital Management LLC grew its stake in 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. Northern Trust Corp grew its position in Critical Metals by 13.2% during the fourth quarter. Northern Trust Corp now owns 48,641 shares of the company’s stock valued at $330,000 after buying an additional 5,670 shares during the period. JPMorgan Chase & Co. increased its holdings in Critical Metals by 147.4% during the fourth quarter. JPMorgan Chase & Co. now owns 29,797 shares of the company’s stock worth $202,000 after buying an additional 17,753 shares during the last quarter. Finally, Barclays PLC increased its holdings in Critical Metals by 22.9% during the fourth quarter. Barclays PLC now owns 12,876 shares of the company’s stock worth $88,000 after buying an additional 2,403 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors.

Critical Metals Trading Down 0.9 %

NASDAQ:CRML traded down $0.02 on Thursday, hitting $1.66. The stock had a trading volume of 95,184 shares, compared to its average volume of 158,892. Critical Metals has a 1 year low of $1.25 and a 1 year high of $12.98. The firm’s fifty day simple moving average is $3.66 and its two-hundred day simple moving average is $5.76.

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.