Snow Lake Resources Ltd. (NASDAQ:LITM – Get Free Report) saw a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 1,650,000 shares, a decrease of 35.3% from the February 13th total of 2,550,000 shares. Currently, 1.8% of the shares of the company are short sold. Based on an average trading volume of 38,790,000 shares, the days-to-cover ratio is currently 0.0 days.
Snow Lake Resources Stock Up 14.1 %
LITM stock traded up $0.05 during trading on Friday, reaching $0.39. The stock had a trading volume of 3,712,976 shares, compared to its average volume of 10,376,142. Snow Lake Resources has a 52 week low of $0.15 and a 52 week high of $1.88. The stock’s 50 day moving average is $0.70 and its two-hundred day moving average is $0.47.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Jane Street Group LLC bought a new position in Snow Lake Resources in the fourth quarter valued at about $158,000. Two Sigma Securities LLC lifted its holdings in Snow Lake Resources by 81.7% in the fourth quarter. Two Sigma Securities LLC now owns 44,635 shares of the company’s stock valued at $43,000 after acquiring an additional 20,069 shares during the period. XTX Topco Ltd bought a new position in Snow Lake Resources in the fourth quarter valued at about $72,000. Renaissance Technologies LLC lifted its holdings in Snow Lake Resources by 284.8% in the fourth quarter. Renaissance Technologies LLC now owns 43,100 shares of the company’s stock valued at $41,000 after acquiring an additional 31,900 shares during the period. Finally, Virtu Financial LLC lifted its holdings in Snow Lake Resources by 308.7% in the fourth quarter. Virtu Financial LLC now owns 66,576 shares of the company’s stock valued at $64,000 after acquiring an additional 50,285 shares during the period. Institutional investors own 0.24% of the company’s stock.
About Snow Lake Resources
Snow Lake Resources Ltd., a natural resource exploration company, engages in the exploration and development of mineral resources in Canada. The company explores for lithium mineral resources. Its flagship property is the Thomson Brothers and Grass River lithium projects located to Crowduck Bay Fault region.
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