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

Critical Metals Corp. (NASDAQ:CRML - Get Free Report) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 1,430,000 shares, an increase of 41.6% from the April 30th total of 1,010,000 shares. Approximately 7.7% of the company's shares are sold short. Based on an average daily trading volume, of 1,880,000 shares, the short-interest ratio is currently 0.8 days.

Critical Metals Price Performance

NASDAQ CRML traded down $0.02 on Thursday, reaching $1.44. The company had a trading volume of 1,708,474 shares, compared to its average volume of 596,136. Critical Metals has a 1-year low of $1.23 and a 1-year high of $12.00. The company's fifty day moving average is $1.65 and its 200-day moving average is $4.12.

Hedge Funds Weigh In On Critical Metals

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in Critical Metals by 111.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 12,044 shares of the company's stock worth $90,000 after purchasing an additional 6,341 shares during the period. Barclays PLC boosted its stake in Critical Metals by 22.9% in the 4th quarter. Barclays PLC now owns 12,876 shares of the company's stock worth $88,000 after purchasing an additional 2,403 shares during the period. Next Capital Management LLC acquired a new position in shares of Critical Metals during the 1st quarter worth about $28,000. Alps Advisors Inc. boosted its stake in shares of Critical Metals by 139.8% during the 1st 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 last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Critical Metals during the 1st quarter worth about $58,000. 86.44% of the stock is owned by institutional investors and hedge funds.

Critical Metals Company Profile

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.