Short Interest in Critical Metals Corp. (NASDAQ:CRML) Drops By 17.9%

Critical Metals Corp. (NASDAQ:CRML) was the recipient of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 717,200 shares, a decline of 17.9% from the February 28th total of 873,300 shares. Based on an average trading volume of 473,500 shares, the short-interest ratio is presently 1.5 days. Currently, 4.3% of the company’s shares are sold short.

Hedge Funds Weigh In On Critical Metals

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in shares of Critical Metals by 147.4% in the 4th quarter. JPMorgan Chase & Co. now owns 29,797 shares of the company’s stock valued at $202,000 after acquiring an additional 17,753 shares during the last quarter. Barclays PLC increased its stake in Critical Metals by 322.8% in the third quarter. Barclays PLC now owns 10,473 shares of the company’s stock valued at $77,000 after purchasing an additional 7,996 shares in the last quarter. Northern Trust Corp raised its holdings in Critical Metals by 13.2% in 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 during the period. Finally, Geode Capital Management LLC boosted its position in shares of Critical Metals by 4.6% during the third quarter. Geode Capital Management LLC now owns 104,338 shares of the company’s stock worth $776,000 after purchasing an additional 4,583 shares in the last quarter. Institutional investors and hedge funds own 86.44% of the company’s stock.

Critical Metals Stock Performance

Shares of CRML stock traded up $0.19 during trading hours on Wednesday, reaching $1.61. The company had a trading volume of 371,080 shares, compared to its average volume of 550,585. Critical Metals has a 1-year low of $1.25 and a 1-year high of $12.98. The company has a 50 day moving average of $3.78 and a 200 day moving average of $5.79.

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.