Snow Lake Resources Ltd. (NASDAQ:LITM) Short Interest Update

Snow Lake Resources Ltd. (NASDAQ:LITM) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 871,562 shares, a growth of 45.2% from the December 31st total of 600,303 shares. Based on an average trading volume of 392,346 shares, the short-interest ratio is currently 2.2 days. Currently, 5.6% of the shares of the company are sold short. Currently, 5.6% of the shares of the company are sold short. Based on an average trading volume of 392,346 shares, the short-interest ratio is currently 2.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Snow Lake Resources in a research report on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Snow Lake Resources has a consensus rating of “Sell”.

Institutional Investors Weigh In On Snow Lake Resources

An institutional investor recently bought a new position in Snow Lake Resources stock. GSA Capital Partners LLP purchased a new stake in shares of Snow Lake Resources Ltd. (NASDAQ:LITM) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 15,673 shares of the company’s stock, valued at approximately $69,000. GSA Capital Partners LLP owned approximately 0.18% of Snow Lake Resources as of its most recent filing with the SEC. 0.24% of the stock is currently owned by institutional investors.

Snow Lake Resources Stock Down 12.2%

Snow Lake Resources stock opened at $3.09 on Friday. Snow Lake Resources has a 52-week low of $2.34 and a 52-week high of $11.70. The firm has a market capitalization of $55.71 million, a price-to-earnings ratio of -0.79 and a beta of 0.54. The firm has a 50-day moving average price of $3.43 and a two-hundred day moving average price of $3.86.

Snow Lake Resources (NASDAQ:LITM) last issued its quarterly earnings data on Friday, October 31st. The company reported ($0.69) earnings per share (EPS) for the quarter.

About Snow Lake Resources

Snow Lake Resources Ltd. (NASDAQ: LITM) is a Vancouver-based exploration and development company specializing in lithium resources. The company’s principal asset, the Snow Lake Project, is located in Quebec’s Eeyou Istchee James Bay territory and adjacent parts of Manitoba, Canada. Snow Lake Resources is publicly traded on the Nasdaq Capital Market, where it pursues the advancement of its flagship spodumene deposit toward commercial production.

The Snow Lake Project holds a significant inferred and indicated lithium mineral resource hosted within pegmatite dykes.