Snow Lake Resources Ltd. (NASDAQ:LITM) Short Interest Up 12.1% in October

Snow Lake Resources Ltd. (NASDAQ:LITM) saw a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 75,100 shares, an increase of 12.1% from the October 15th total of 67,000 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily volume of 72,300 shares, the short-interest ratio is presently 1.0 days.

Snow Lake Resources Stock Down 1.2 %

LITM stock opened at $0.71 on Thursday. Snow Lake Resources has a 52 week low of $0.58 and a 52 week high of $3.47. The firm’s fifty day moving average is $1.18 and its 200 day moving average is $1.92.

Hedge Funds Weigh In On Snow Lake Resources

Several institutional investors and hedge funds have recently made changes to their positions in LITM. Walleye Capital LLC bought a new position in shares of Snow Lake Resources in the second quarter worth approximately $489,000. Citigroup Inc. bought a new position in shares of Snow Lake Resources in the first quarter worth approximately $186,000. Atria Wealth Solutions Inc. bought a new position in shares of Snow Lake Resources in the first quarter worth approximately $151,000. Jane Street Group LLC bought a new position in shares of Snow Lake Resources in the second quarter worth approximately $83,000. Finally, Virtu Financial LLC bought a new position in shares of Snow Lake Resources in the fourth quarter worth approximately $53,000. Institutional investors own 2.92% of the company’s stock.

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.