Short Interest in Snow Lake Resources Ltd. (NASDAQ:LITM) Declines By 35.3%

Snow Lake Resources Ltd. (NASDAQ:LITM) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 1,650,000 shares, a drop of 35.3% from the February 13th total of 2,550,000 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average trading volume of 38,790,000 shares, the days-to-cover ratio is presently 0.0 days.

Snow Lake Resources Stock Performance

NASDAQ LITM traded up $0.05 during trading hours on Friday, hitting $0.39. The company had a trading volume of 3,712,976 shares, compared to its average volume of 10,417,566. The business has a 50 day moving average of $0.69 and a 200-day moving average of $0.47. Snow Lake Resources has a 1-year low of $0.15 and a 1-year high of $1.88.

Institutional Investors Weigh In On Snow Lake Resources

Several large investors have recently modified their holdings of the company. United Capital Management of KS Inc. acquired a new stake in shares of Snow Lake Resources during the fourth quarter worth about $34,000. Renaissance Technologies LLC lifted its stake in shares of Snow Lake Resources by 284.8% in the 4th quarter. Renaissance Technologies LLC now owns 43,100 shares of the company’s stock worth $41,000 after acquiring an additional 31,900 shares during the period. Two Sigma Securities LLC boosted its holdings in shares of Snow Lake Resources by 81.7% in the fourth quarter. Two Sigma Securities LLC now owns 44,635 shares of the company’s stock valued at $43,000 after acquiring an additional 20,069 shares in the last quarter. Virtu Financial LLC raised its holdings in Snow Lake Resources by 308.7% during the fourth quarter. Virtu Financial LLC now owns 66,576 shares of the company’s stock worth $64,000 after purchasing an additional 50,285 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Snow Lake Resources during the fourth quarter worth about $72,000. 0.24% of the stock is owned by institutional investors and hedge funds.

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.