Snow Lake Resources (LITM) Short Interest Ratio & Short Volume

Short interest is the volume of Snow Lake Resources shares that have been sold short but have not yet been closed out or covered. As of January 31st, traders have sold 847,100 shares of LITM short. 3.00% of Snow Lake Resources' shares are currently sold short. Learn More on Snow Lake Resources' current short interest.

As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of Snow Lake Resources: Group One Trading LLC, Citadel Advisors LLC, Concourse Financial Group Securities Inc., and Belvedere Trading LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 3.00% of Snow Lake Resources' floating shares are currently sold short.

Snow Lake Resources saw a decline in short interest in January. As of January 31st, there was short interest totaling 847,100 shares, a decline of 82.5% from the previous total of 4,850,000 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Snow Lake Resources currently has issued a total of 57,670,000 shares. Some of Snow Lake Resources' outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Snow Lake Resources currently has a public float of 28,280,000 shares.

3.00% of Snow Lake Resources' shares are currently sold short. Here is how the short interest of companies in the industry of "non-metallic and industrial metal mining" compare to Snow Lake Resources: American Battery Technology (7.10%), U.S. Gold Corp. (0.61%), NioCorp Developments Ltd. (1.89%), International Tower Hill Mines Ltd. (0.13%), Smart Sand, Inc. (0.64%), Atlas Lithium Co. (8.25%), American Lithium Corp. (0.68%), 5E Advanced Materials, Inc. (2.23%), Foremost Lithium Resource & Technology Ltd. (4.02%), BHP Group Limited (0.42%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.21 billion), Charter Communications, Inc. ($4.07 billion), Reddit, Inc. ($3.33 billion), The Kroger Co. ($2.67 billion), Cencora, Inc. ($2.29 billion), Hims & Hers Health, Inc. ($2.17 billion), SoFi Technologies, Inc. ($1.99 billion), Live Nation Entertainment, Inc. ($1.87 billion), Rivian Automotive, Inc. ($1.76 billion), and Moderna, Inc. ($1.60 billion). View all of the most shorted stocks.

Short selling LITM is an investing strategy that aims to generate trading profit from Snow Lake Resources as its price is falling. LITM shares are trading down $0.07 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Snow Lake Resources occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of LITM, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including LITM, twice per month. The most recent reporting period available is January, 31 2025.