Critical Metals Corp. (NASDAQ:CRML) Short Interest Up 57.6% in March

Critical Metals Corp. (NASDAQ:CRML) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 1,130,000 shares, a growth of 57.6% from the March 15th total of 717,200 shares. Currently, 6.7% of the company’s stock are short sold. Based on an average trading volume of 582,600 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Investors Weigh In On Critical Metals

Several large investors have recently bought and sold shares of CRML. Geode Capital Management LLC boosted its holdings in shares of Critical Metals by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 107,034 shares of the company’s stock valued at $727,000 after acquiring an additional 2,696 shares during the last quarter. Northern Trust Corp lifted its position in Critical Metals by 13.2% during the fourth quarter. Northern Trust Corp now owns 48,641 shares of the company’s stock valued at $330,000 after purchasing an additional 5,670 shares during the period. Rhumbline Advisers boosted its holdings in Critical Metals by 582.5% in the first quarter. Rhumbline Advisers now owns 43,047 shares of the company’s stock worth $60,000 after purchasing an additional 36,740 shares during the last quarter. JPMorgan Chase & Co. grew its position in Critical Metals by 147.4% in the 4th quarter. JPMorgan Chase & Co. now owns 29,797 shares of the company’s stock worth $202,000 after purchasing an additional 17,753 shares during the period. Finally, Barclays PLC raised its stake in Critical Metals by 22.9% during the 4th quarter. Barclays PLC now owns 12,876 shares of the company’s stock valued at $88,000 after buying an additional 2,403 shares during the last quarter. 86.44% of the stock is currently owned by institutional investors.

Critical Metals Stock Up 10.7 %

Shares of Critical Metals stock traded up $0.24 on Friday, reaching $2.49. The company’s stock had a trading volume of 3,171,584 shares, compared to its average volume of 300,569. Critical Metals has a 52 week low of $1.23 and a 52 week high of $12.49. The firm’s fifty day simple moving average is $2.22 and its two-hundred day simple moving average is $5.30.

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.