Critical Metals Corp. (NASDAQ:CRML) Short Interest Up 57.6% in March

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 trading volume, of 582,600 shares, the short-interest ratio is presently 1.9 days. Approximately 6.7% of the company’s shares are sold short.

Critical Metals Stock Performance

Critical Metals stock traded up $0.24 during trading on Thursday, hitting $2.49. The company’s stock had a trading volume of 3,158,429 shares, compared to its average volume of 299,264. The stock’s fifty day moving average is $2.30 and its 200 day moving average is $5.33. Critical Metals has a 1-year low of $1.23 and a 1-year high of $12.49.

Hedge Funds Weigh In On Critical Metals

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Critical Metals by 111.2% in the third quarter. JPMorgan Chase & Co. now owns 12,044 shares of the company’s stock valued at $90,000 after buying an additional 6,341 shares during the period. Barclays PLC boosted its position in Critical Metals by 322.8% during the 3rd quarter. Barclays PLC now owns 10,473 shares of the company’s stock worth $77,000 after purchasing an additional 7,996 shares during the period. Geode Capital Management LLC increased its holdings in Critical Metals by 4.6% in 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 in the last quarter. Rhumbline Advisers raised its position in Critical Metals by 582.5% in the first quarter. Rhumbline Advisers now owns 43,047 shares of the company’s stock valued at $60,000 after purchasing an additional 36,740 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Critical Metals by 13.2% during the fourth quarter. Northern Trust Corp now owns 48,641 shares of the company’s stock worth $330,000 after purchasing an additional 5,670 shares in the last quarter. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Critical Metals Company Profile

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.