Short Interest in Critical Metals Corp. (NASDAQ:CRML) Rises By 96.2%

Critical Metals Corp. (NASDAQ:CRML) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 726,600 shares, a growth of 96.2% from the January 31st total of 370,400 shares. Based on an average daily volume of 216,900 shares, the short-interest ratio is presently 3.3 days. Approximately 4.3% of the shares of the company are short sold.

Critical Metals Price Performance

Shares of NASDAQ CRML traded down $0.20 during trading hours on Friday, hitting $1.91. 2,017,560 shares of the company’s stock were exchanged, compared to its average volume of 88,819. Critical Metals has a 1-year low of $1.51 and a 1-year high of $14.00. The company’s 50-day moving average price is $6.18 and its 200-day moving average price is $6.84.

Hedge Funds Weigh In On Critical Metals

Large investors have recently made changes to their positions in the business. Barclays PLC raised its holdings in Critical Metals by 322.8% in the 3rd quarter. Barclays PLC now owns 10,473 shares of the company’s stock valued at $77,000 after acquiring an additional 7,996 shares in the last quarter. Geode Capital Management LLC raised 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 acquiring an additional 4,583 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Critical Metals by 111.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,044 shares of the company’s stock valued at $90,000 after acquiring an additional 6,341 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Critical Metals by 13.2% in the 4th quarter. Northern Trust Corp now owns 48,641 shares of the company’s stock valued at $330,000 after acquiring an additional 5,670 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

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.