Snow Lake Resources Ltd. (NASDAQ:LITM – Get Free Report) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 847,100 shares, a decrease of 82.5% from the January 15th total of 4,850,000 shares. Based on an average trading volume of 37,370,000 shares, the short-interest ratio is presently 0.0 days. Approximately 3.0% of the shares of the company are sold short.
Snow Lake Resources Stock Down 13.2 %
Snow Lake Resources stock traded down $0.09 during mid-day trading on Friday, reaching $0.58. 7,236,016 shares of the company were exchanged, compared to its average volume of 17,139,783. The firm’s 50-day simple moving average is $0.73 and its two-hundred day simple moving average is $0.47. Snow Lake Resources has a twelve month low of $0.15 and a twelve month high of $1.88.
Institutional Investors Weigh In On Snow Lake Resources
Hedge funds have recently modified their holdings of the stock. United Capital Management of KS Inc. acquired a new position in Snow Lake Resources in the 4th quarter valued at $34,000. Virtu Financial LLC boosted its holdings in shares of Snow Lake Resources by 308.7% in the fourth quarter. Virtu Financial LLC now owns 66,576 shares of the company’s stock valued at $64,000 after acquiring an additional 50,285 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Snow Lake Resources by 284.8% during the fourth quarter. Renaissance Technologies LLC now owns 43,100 shares of the company’s stock worth $41,000 after acquiring an additional 31,900 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Snow Lake Resources during the fourth quarter worth about $72,000. 0.24% of the stock is owned by institutional investors and hedge funds.
About Snow Lake Resources
Snow Lake Resources Ltd., a natural resource exploration company, engages in the exploration and development of mineral resources in Canada. The company explores for lithium mineral resources. Its flagship property is the Thomson Brothers and Grass River lithium projects located to Crowduck Bay Fault region.
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