Lifezone Metals Limited (NYSE:LZM) Short Interest Up 19.7% in March

Lifezone Metals Limited (NYSE:LZM) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 1,400,000 shares, an increase of 19.7% from the February 28th total of 1,170,000 shares. Based on an average daily trading volume, of 95,500 shares, the short-interest ratio is currently 14.7 days. Currently, 6.2% of the shares of the stock are sold short.

Lifezone Metals Trading Down 4.5 %

Shares of LZM traded down $0.18 during midday trading on Wednesday, hitting $3.79. The stock had a trading volume of 82,621 shares, compared to its average volume of 119,450. Lifezone Metals has a twelve month low of $3.76 and a twelve month high of $9.51. The company has a 50 day simple moving average of $5.24 and a two-hundred day simple moving average of $6.19. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.08 and a current ratio of 1.09.

Analysts Set New Price Targets

Separately, Roth Mkm reissued a “buy” rating and set a $14.00 price target on shares of Lifezone Metals in a research note on Wednesday, December 18th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Decagon Asset Management LLP bought a new stake in Lifezone Metals in the fourth quarter valued at approximately $4,771,000. Russell Investments Group Ltd. boosted its holdings in Lifezone Metals by 236.5% in the 4th quarter. Russell Investments Group Ltd. now owns 145,300 shares of the company’s stock valued at $1,010,000 after purchasing an additional 102,126 shares during the period. Tidal Investments LLC acquired a new position in Lifezone Metals in the fourth quarter valued at about $527,000. JPMorgan Chase & Co. boosted its stake in shares of Lifezone Metals by 96.1% in the 4th quarter. JPMorgan Chase & Co. now owns 133,356 shares of the company’s stock valued at $927,000 after purchasing an additional 65,340 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Lifezone Metals by 14.8% during the third quarter. State Street Corp now owns 381,229 shares of the company’s stock valued at $2,669,000 after purchasing an additional 49,197 shares in the last quarter.

About Lifezone Metals

Lifezone Metals Limited engages in the extraction and refining of metals. It supplies lower-carbon and sulfur dioxide emission metals to the battery storage, EV, and hydrogen markets. The company’s products include nickel, copper, and cobalt. Its flagship project is the Kabanga nickel project in North-West Tanzania.