Snow Lake Resources Ltd. (NASDAQ:LITM) Short Interest Update

Snow Lake Resources Ltd. (NASDAQ:LITM) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 2,550,000 shares, an increase of 201.0% from the January 31st total of 847,100 shares. Currently, 9.0% of the shares of the stock are short sold. Based on an average trading volume of 38,540,000 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Two Sigma Securities LLC lifted its holdings in shares of Snow Lake Resources by 81.7% in the fourth quarter. Two Sigma Securities LLC now owns 44,635 shares of the company’s stock worth $43,000 after acquiring an additional 20,069 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Snow Lake Resources by 284.8% in the fourth quarter. Renaissance Technologies LLC now owns 43,100 shares of the company’s stock worth $41,000 after acquiring an additional 31,900 shares during the last quarter. United Capital Management of KS Inc. bought a new position in shares of Snow Lake Resources in the fourth quarter worth about $34,000. Virtu Financial LLC lifted its holdings in shares of Snow Lake Resources by 308.7% in the fourth quarter. Virtu Financial LLC now owns 66,576 shares of the company’s stock worth $64,000 after acquiring an additional 50,285 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Snow Lake Resources in the fourth quarter worth about $72,000. Institutional investors own 0.24% of the company’s stock.

Snow Lake Resources Stock Performance

NASDAQ:LITM traded down $0.00 during mid-day trading on Friday, reaching $0.42. The stock had a trading volume of 4,787,004 shares, compared to its average volume of 14,551,288. Snow Lake Resources has a 12 month low of $0.15 and a 12 month high of $1.88. The stock has a 50-day simple moving average of $0.78 and a two-hundred day simple moving average of $0.47.

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.