Short Interest in Critical Metals Corp. (NASDAQ:CRML) Increases By 29.0%

Key Points

• Critical Metals Corp. (NASDAQ:CRML) experienced a significant increase in short interest, rising by 29.0% to a total of 4,050,000 shares by August 31st.
• Institutional ownership is strong, with 86.44% of the stock held by institutional investors and hedge funds, including notable increases in stakes from firms like Northern Trust Corp and Rhumbline Advisers.
• The stock of Critical Metals has a current price of $6.50, reflecting a substantial growth from its 1-year low of $1.23 and nearing its high of $9.89.

Critical Metals Corp. (NASDAQ:CRML - Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 4,050,000 shares, a growth of 29.0% from the August 15th total of 3,140,000 shares. Based on an average trading volume of 6,270,000 shares, the short-interest ratio is currently 0.6 days. Currently, 14.4% of the shares of the company are sold short. Currently, 14.4% of the shares of the company are sold short. Based on an average trading volume of 6,270,000 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On Critical Metals

Several hedge funds and other institutional investors have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Critical Metals in the second quarter valued at approximately $37,000. Tower Research Capital LLC TRC grew its stake in shares of Critical Metals by 121.8% in the second quarter. Tower Research Capital LLC TRC now owns 13,258 shares of the company's stock worth $47,000 after purchasing an additional 7,280 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Critical Metals during the second quarter valued at $196,000. Shay Capital LLC bought a new stake in shares of Critical Metals during the second quarter valued at about $984,000. Finally, Bank of America Corp DE lifted its holdings in Critical Metals by 65.6% in the second quarter. Bank of America Corp DE now owns 101,742 shares of the company's stock worth $364,000 after purchasing an additional 40,291 shares during the period. Institutional investors and hedge funds own 86.44% of the company's stock.

Critical Metals Stock Up 5.1%

Shares of NASDAQ:CRML traded up $0.35 during trading on Friday, hitting $7.18. 4,760,314 shares of the company traded hands, compared to its average volume of 4,688,049. The business's fifty day moving average is $5.24 and its 200-day moving average is $3.09. Critical Metals has a one year low of $1.23 and a one year high of $9.89.

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.