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

Critical Metals Corp. (NASDAQ:CRML) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 717,200 shares, a drop of 17.9% from the February 28th total of 873,300 shares. Based on an average daily volume of 473,500 shares, the days-to-cover ratio is currently 1.5 days. Approximately 4.3% of the shares of the company are short sold.

Critical Metals Price Performance

Shares of CRML traded down $0.02 during trading hours on Thursday, hitting $1.66. The company’s stock had a trading volume of 95,184 shares, compared to its average volume of 158,892. The business has a 50 day simple moving average of $3.66 and a two-hundred day simple moving average of $5.76. Critical Metals has a 52-week low of $1.25 and a 52-week high of $12.98.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CRML. Barclays PLC lifted its position in shares of Critical Metals by 322.8% during the third quarter. Barclays PLC now owns 10,473 shares of the company’s stock worth $77,000 after acquiring an additional 7,996 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Critical Metals by 4.6% during the 3rd quarter. Geode Capital Management LLC now owns 104,338 shares of the company’s stock valued at $776,000 after purchasing an additional 4,583 shares during the period. JPMorgan Chase & Co. lifted its holdings in Critical Metals by 111.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,044 shares of the company’s stock worth $90,000 after purchasing an additional 6,341 shares in the last quarter. Finally, Northern Trust Corp boosted its stake 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 purchasing an additional 5,670 shares during the period. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

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.