Snow Lake Resources Ltd. (NASDAQ:LITM) Short Interest Update

Snow Lake Resources Ltd. (NASDAQ:LITM) was the recipient of a large growth in short interest in February. As of February 15th, there was short interest totalling 2,550,000 shares, a growth of 201.0% from the January 31st total of 847,100 shares. Currently, 9.0% of the company’s stock are sold short. Based on an average daily volume of 38,540,000 shares, the days-to-cover ratio is currently 0.1 days.

Snow Lake Resources Stock Performance

Shares of NASDAQ LITM opened at $0.42 on Friday. Snow Lake Resources has a 1-year low of $0.15 and a 1-year high of $1.88. The stock’s 50-day moving average is $0.78 and its two-hundred day moving average is $0.47.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new position in Snow Lake Resources in the fourth quarter valued at approximately $158,000. Two Sigma Securities LLC boosted its position in shares of Snow Lake Resources by 81.7% during the 4th 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. XTX Topco Ltd acquired a new stake in shares of Snow Lake Resources in the fourth quarter valued at about $72,000. Renaissance Technologies LLC boosted its holdings in Snow Lake Resources by 284.8% during 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 in the last quarter. Finally, Virtu Financial LLC grew its position in Snow Lake Resources by 308.7% during 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 period. Hedge funds and other institutional investors own 0.24% of the company’s stock.

Snow Lake Resources Company Profile

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.