Critical Metals Corp. (NASDAQ:CRML) Sees Large Increase in Short Interest

Critical Metals Corp. (NASDAQ:CRML) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 258,100 shares, an increase of 11.4% from the July 15th total of 231,700 shares. Based on an average daily trading volume, of 51,200 shares, the short-interest ratio is currently 5.0 days. Currently, 3.3% of the company’s stock are short sold.

Critical Metals Price Performance

Shares of NASDAQ CRML traded down $0.28 during mid-day trading on Monday, hitting $9.75. The company had a trading volume of 1,313 shares, compared to its average volume of 37,710. Critical Metals has a one year low of $7.02 and a one year high of $18.56. The company has a 50-day moving average price of $10.32.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers acquired a new stake in shares of Critical Metals in the 2nd quarter valued at approximately $69,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Critical Metals during the 2nd quarter worth about $101,000. Finally, Bank of New York Mellon Corp acquired a new stake in Critical Metals in the 2nd quarter valued at about $185,000. 86.44% of the stock is currently owned by institutional investors.

Critical Metals Company Profile

Sizzle Acquisition Corp. is a blank check company. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or related business combination with one or more businesses. Sizzle Acquisition Corp. is based in Washington, the District of Columbia.