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

Critical Metals Corp. (NASDAQ:CRML) was the target of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,130,000 shares, a growth of 57.6% from the March 15th total of 717,200 shares. Based on an average daily volume of 582,600 shares, the short-interest ratio is currently 1.9 days. Approximately 6.7% of the shares of the company are sold short.

Hedge Funds Weigh In On Critical Metals

Large investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in shares of Critical Metals by 582.5% in the first quarter. Rhumbline Advisers now owns 43,047 shares of the company’s stock worth $60,000 after purchasing an additional 36,740 shares in the last quarter. Northern Trust Corp boosted its holdings in Critical Metals by 13.2% in the 4th quarter. Northern Trust Corp now owns 48,641 shares of the company’s stock worth $330,000 after buying an additional 5,670 shares during the period. Barclays PLC increased its stake in Critical Metals by 22.9% in the 4th quarter. Barclays PLC now owns 12,876 shares of the company’s stock worth $88,000 after buying an additional 2,403 shares in the last quarter. Geode Capital Management LLC raised its holdings in Critical Metals by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 107,034 shares of the company’s stock valued at $727,000 after acquiring an additional 2,696 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Critical Metals by 147.4% in the fourth quarter. JPMorgan Chase & Co. now owns 29,797 shares of the company’s stock valued at $202,000 after acquiring an additional 17,753 shares in the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Critical Metals Stock Up 10.7 %

Shares of NASDAQ CRML traded up $0.24 during trading on Friday, hitting $2.49. The company had a trading volume of 3,171,584 shares, compared to its average volume of 300,569. Critical Metals has a 12 month low of $1.23 and a 12 month high of $12.49. The stock has a 50 day simple moving average of $2.22 and a 200 day simple moving average of $5.30.

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.