The short-term interest in Snow Lake Resources Ltd. (NASDAQ:LITM) rises 94.3%


Snow Lake Resources Ltd. (NASDAQ:LITMGet a rating) was the target of a significant increase in short-term interest in July. As of July 15, there was short interest totaling 342,100 shares, an increase of 94.3% from the June 30 total of 176,100 shares. Based on an average daily volume of 417,600 shares, the day-to-cover ratio is currently 0.8 days.

Snow Lake resources draw down 3.6%

LITM-share opened at $2.59 on Friday. The company has a 50-day simple moving average of $2.89 and a 200-day simple moving average of $4.93. Snow Lake Resources has a 52-week low of $2.12 and a 52-week high of $18.42.

Institutional entries and exits

Several institutional investors have recently bought and sold shares of LITM. murchinson ltd. acquired a new position in Snow Lake Resources during the fourth quarter worth approximately $595,000. Kepos Capital LP acquired a new position in Snow Lake Resources during the fourth quarter worth approximately $576,000. JS Capital Management LLC acquired a new position in Snow Lake Resources during the fourth quarter worth approximately $202,841,000. Lynwood Capital Management Inc. acquired a new position in Snow Lake Resources during the first quarter worth approximately $470,000. Finally, Citigroup Inc. acquired a new position in Snow Lake Resources during the first quarter worth approximately $186,000. Institutional investors and hedge funds hold 8.17% of the company’s shares.

About Snow Lake Resources

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Snow Lake Resources Ltd., a natural resource exploration company, is engaged in the exploration and development of mineral resources in Canada. The Company explores lithium mineral resources. Its main asset is the Thompson Brothers Lithium property, which consists of 38 contiguous mining claims located in Manitoba.

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