Snow Lake Resources Ltd. (NASDAQ:LITM) Sees Large Decrease in Short Interest

Snow Lake Resources Ltd. (NASDAQ:LITM) saw a large 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 short sold. Based on an average daily volume of 38,790,000 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Snow Lake Resources

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

Snow Lake Resources Price Performance

Snow Lake Resources stock traded up $0.02 during trading hours on Monday, reaching $0.42. The stock had a trading volume of 4,185,454 shares, compared to its average volume of 10,375,958. Snow Lake Resources has a 52 week low of $0.15 and a 52 week high of $1.88. The company has a fifty day simple moving average of $0.68 and a 200-day simple moving average of $0.47.

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.