Lifezone Metals Limited (NYSE:LZM) Short Interest Update

Lifezone Metals Limited (NYSE:LZM - Get Free Report) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 195,800 shares, a drop of 24.7% from the March 31st total of 260,000 shares. Currently, 4.5% of the shares of the company are short sold. Based on an average daily trading volume, of 55,800 shares, the days-to-cover ratio is presently 3.5 days.

Wall Street Analyst Weigh In

Separately, BTIG Research dropped their target price on shares of Lifezone Metals from $14.00 to $11.00 and set a "buy" rating on the stock in a research report on Wednesday, April 3rd.

Institutional Investors Weigh In On Lifezone Metals

Hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. bought a new stake in shares of Lifezone Metals in the 4th quarter worth approximately $181,000. Jennison Associates LLC bought a new stake in shares of Lifezone Metals in the 4th quarter worth approximately $4,354,000. Invesco Ltd. purchased a new position in Lifezone Metals in the 3rd quarter valued at approximately $7,021,000. Finally, Grantham Mayo Van Otterloo & Co. LLC purchased a new position in Lifezone Metals in the 3rd quarter valued at approximately $31,263,000.

Lifezone Metals Trading Up 0.7 %

Shares of Lifezone Metals stock traded up $0.06 during mid-day trading on Friday, hitting $8.26. 68,736 shares of the stock were exchanged, compared to its average volume of 53,468. Lifezone Metals has a 12 month low of $4.52 and a 12 month high of $19.92. The company has a 50-day simple moving average of $6.99 and a 200 day simple moving average of $7.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.30 and a quick ratio of 4.29.

Lifezone Metals Company Profile

Lifezone Metals Limited engages in the extraction and refining of metals. It supplies lower-carbon and sulfur dioxide emission metals to the battery storage, EV, and hydrogen markets. The company's products include nickel, copper, and cobalt. Its flagship project is the Kabanga nickel project in North-West Tanzania.

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