Short Interest in Snow Lake Resources Ltd. (NASDAQ:LITM) Decreases By 43.3%

Snow Lake Resources Ltd. (NASDAQ:LITM) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 16,000 shares, a decrease of 43.3% from the March 31st total of 28,200 shares. Based on an average trading volume of 60,800 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Snow Lake Resources

A hedge fund recently bought a new stake in Snow Lake Resources stock. Maven Securities LTD bought a new position in Snow Lake Resources Ltd. (NASDAQ:LITM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 163,621 shares of the company’s stock, valued at approximately $216,000. Maven Securities LTD owned approximately 0.90% of Snow Lake Resources at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.24% of the company’s stock.

Snow Lake Resources Stock Performance

LITM traded down $0.04 during trading on Friday, reaching $0.94. The stock had a trading volume of 55,153 shares, compared to its average volume of 72,128. The stock has a 50 day moving average of $0.97 and a two-hundred day moving average of $0.92. Snow Lake Resources has a 1-year low of $0.41 and a 1-year high of $3.15.

Snow Lake Resources (NASDAQ:LITM) last posted its quarterly earnings data on Tuesday, March 26th. The company reported ($0.06) EPS for the quarter.

Snow Lake Resources Company Profile

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.