Lifezone Metals Limited (NYSE:LZM) Short Interest Update

Lifezone Metals Limited (NYSE:LZM - Get Free Report) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 1,400,000 shares, a growth of 19.7% from the February 28th total of 1,170,000 shares. Based on an average trading volume of 95,500 shares, the days-to-cover ratio is currently 14.7 days. Currently, 6.2% of the company's stock are sold short.

Hedge Funds Weigh In On Lifezone Metals

Large investors have recently bought and sold shares of the stock. Jane Street Group LLC increased its holdings in shares of Lifezone Metals by 15.5% in the third quarter. Jane Street Group LLC now owns 15,749 shares of the company's stock valued at $110,000 after buying an additional 2,118 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Lifezone Metals by 18.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,890 shares of the company's stock valued at $97,000 after buying an additional 2,203 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Lifezone Metals by 22.7% during the 4th quarter. SG Americas Securities LLC now owns 14,781 shares of the company's stock worth $103,000 after purchasing an additional 2,731 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Lifezone Metals by 27.7% during the 4th quarter. Wells Fargo & Company MN now owns 21,483 shares of the company's stock valued at $149,000 after acquiring an additional 4,666 shares during the last quarter. Finally, BNP Paribas Financial Markets bought a new position in shares of Lifezone Metals in the fourth quarter valued at approximately $42,000.

Analysts Set New Price Targets

Separately, Roth Mkm restated a "buy" rating and set a $14.00 price objective on shares of Lifezone Metals in a research note on Wednesday, December 18th.

Lifezone Metals Stock Down 3.0 %

LZM stock traded down $0.11 during trading on Monday, hitting $3.50. 87,931 shares of the company's stock traded hands, compared to its average volume of 120,111. The stock has a fifty day moving average price of $5.13 and a two-hundred day moving average price of $6.15. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 0.01. Lifezone Metals has a 52 week low of $3.34 and a 52 week high of $9.51.

About Lifezone Metals

Lifezone Metals Limited engages in the extraction and refining of metals. It supplies lower-carbon and sulfur dioxide emission metals to the battery storage, EV, and hydrogen markets. The company's products include nickel, copper, and cobalt. Its flagship project is the Kabanga nickel project in North-West Tanzania.