Short Interest in Snow Lake Resources Ltd. (NASDAQ:LITM) Expands By 201.0%

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in Snow Lake Resources during the 4th quarter valued at approximately $158,000. Two Sigma Securities LLC increased its position in Snow Lake Resources by 81.7% during the 4th quarter. Two Sigma Securities LLC now owns 44,635 shares of the company’s stock valued at $43,000 after purchasing an additional 20,069 shares during the period. XTX Topco Ltd acquired a new stake in Snow Lake Resources during the 4th quarter valued at approximately $72,000. Renaissance Technologies LLC increased its position in Snow Lake Resources by 284.8% during the 4th quarter. Renaissance Technologies LLC now owns 43,100 shares of the company’s stock valued at $41,000 after purchasing an additional 31,900 shares during the period. Finally, Virtu Financial LLC increased its position in Snow Lake Resources by 308.7% during the 4th quarter. Virtu Financial LLC now owns 66,576 shares of the company’s stock valued at $64,000 after purchasing an additional 50,285 shares during the period. Institutional investors own 0.24% of the company’s stock.

Snow Lake Resources Stock Down 0.6 %

NASDAQ LITM traded down $0.00 during trading hours on Friday, reaching $0.42. The company’s stock had a trading volume of 4,787,004 shares, compared to its average volume of 14,551,288. The firm has a fifty day simple moving average of $0.78 and a 200-day simple moving average of $0.47. Snow Lake Resources has a 52 week low of $0.15 and a 52 week high of $1.88.

About Snow Lake Resources

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.