Snow Lake Resources (LITM) Short Interest Ratio & Short Volume

Short interest is the volume of Snow Lake Resources shares that have been sold short but have not yet been closed out or covered. As of April 15th, traders have sold 16,000 shares of LITM short. 0.15% of Snow Lake Resources' shares are currently sold short. Learn More on Snow Lake Resources' current short interest.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.15% of Snow Lake Resources' floating shares are currently sold short.

Snow Lake Resources saw a decrease in short interest in April. As of April 15th, there was short interest totaling 16,000 shares, a decrease of 43.3% from the previous total of 28,200 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Snow Lake Resources currently has issued a total of 18,190,000 shares. Some of Snow Lake Resources' outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Snow Lake Resources currently has a public float of 10,910,000 shares.

0.15% of Snow Lake Resources' shares are currently sold short. Here is how the short interest of companies compare to Snow Lake Resources: SPI Energy Co., Ltd. (0.36%), Mesa Royalty Trust (0.38%), Sunrise New Energy Co., Ltd. (0.20%), Eco Wave Power Global AB (publ) (8.00%), Global Gas Co. (1.41%), Complete Solaria, Inc. (0.88%), Stran & Company, Inc. (0.41%), VivoPower International PLC (12.23%), Marine Petroleum Trust (0.14%), Heliogen, Inc. (2.74%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.70 billion), Occidental Petroleum Co. ($3.52 billion), Charter Communications, Inc. ($3.14 billion), General Motors ($2.68 billion), Coinbase Global, Inc. ($2.57 billion), Moderna, Inc. ($2.18 billion), Tractor Supply ($2.10 billion), Royal Caribbean Cruises Ltd. ($1.91 billion), TC Energy Co. ($1.90 billion), and Williams-Sonoma, Inc. ($1.78 billion). View all of the most shorted stocks.

Short selling LITM is an investing strategy that aims to generate trading profit from Snow Lake Resources as its price is falling. LITM shares are trading up $0.09 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Snow Lake Resources occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of LITM, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including LITM, twice per month. The most recent reporting period available is April, 15 2024.