Critical Metals Corp. (NASDAQ:CRML) Sees Large Increase in Short Interest

Critical Metals Corp. (NASDAQ:CRML - Get Free Report) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 1,830,000 shares, an increase of 61.9% from the March 31st total of 1,130,000 shares. Based on an average daily volume of 1,250,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 10.9% of the company's stock are short sold.

Critical Metals Stock Performance

Critical Metals stock traded up $0.26 on Monday, hitting $1.94. 3,016,355 shares of the stock traded hands, compared to its average volume of 416,537. The business's fifty day simple moving average is $1.82 and its 200 day simple moving average is $4.88. Critical Metals has a 1 year low of $1.23 and a 1 year high of $12.49.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CRML. JPMorgan Chase & Co. increased its holdings in shares of Critical Metals by 111.2% during the third quarter. JPMorgan Chase & Co. now owns 12,044 shares of the company's stock valued at $90,000 after acquiring an additional 6,341 shares in the last quarter. Barclays PLC grew its position in Critical Metals by 322.8% during the third quarter. Barclays PLC now owns 10,473 shares of the company's stock valued at $77,000 after buying an additional 7,996 shares during the period. Geode Capital Management LLC raised its holdings in Critical Metals by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 104,338 shares of the company's stock worth $776,000 after purchasing an additional 4,583 shares during the period. Alps Advisors Inc. raised its stake in shares of Critical Metals by 139.8% in the first quarter. Alps Advisors Inc. now owns 36,799 shares of the company's stock worth $51,000 after buying an additional 21,451 shares during the period. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Critical Metals during the first quarter valued at approximately $58,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

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.