Critical Metals Corp. (NASDAQ:CRML) Sees Significant Decline in Short Interest

Critical Metals Corp. (NASDAQ:CRML - Get Free Report) saw a significant decline in short interest during 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. Currently, 4.3% of the company's stock are sold short. Based on an average daily volume of 473,500 shares, the short-interest ratio is presently 1.5 days.

Critical Metals Stock Down 5.7 %

Shares of NASDAQ:CRML traded down $0.09 during trading on Friday, reaching $1.48. The stock had a trading volume of 1,597,258 shares, compared to its average volume of 166,706. The firm's 50-day simple moving average is $3.44 and its 200 day simple moving average is $5.69. Critical Metals has a one year low of $1.23 and a one year high of $12.98.

Institutional Trading of Critical Metals

Institutional investors have recently made changes to their positions in the business. Barclays PLC boosted its holdings in Critical Metals by 322.8% in the third quarter. Barclays PLC now owns 10,473 shares of the company's stock worth $77,000 after acquiring an additional 7,996 shares in the last quarter. JPMorgan Chase & Co. grew its position in Critical Metals by 111.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 12,044 shares of the company's stock worth $90,000 after purchasing an additional 6,341 shares during the last quarter. Northern Trust Corp raised its holdings in shares of 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 buying an additional 5,670 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Critical Metals by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 107,034 shares of the company's stock valued at $727,000 after buying an additional 2,696 shares during the last quarter. Institutional investors and hedge funds own 86.44% of the company's stock.

Critical Metals Company Profile

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.