Short Interest in Lifezone Metals Limited (NYSE:LZM) Rises By 19.1%

Lifezone Metals Limited (NYSE:LZM) saw a large increase in short interest in September. As of September 15th, there was short interest totalling 977,700 shares, an increase of 19.1% from the August 31st total of 821,200 shares. Based on an average daily trading volume, of 192,200 shares, the days-to-cover ratio is currently 5.1 days. Currently, 22.0% of the company’s shares are sold short.

Lifezone Metals Trading Down 1.1 %

Shares of LZM traded down $0.08 during midday trading on Monday, reaching $6.95. The company had a trading volume of 92,123 shares, compared to its average volume of 114,929. Lifezone Metals has a 1-year low of $4.52 and a 1-year high of $12.66. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 0.01. The firm has a 50 day simple moving average of $6.52 and a 200-day simple moving average of $7.44.

Lifezone Metals (NYSE:LZM) last released its quarterly earnings data on Monday, August 19th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The firm had revenue of $0.01 million for the quarter. Lifezone Metals had a negative return on equity of 294.91% and a negative net margin of 24,521.17%. Equities research analysts predict that Lifezone Metals will post -0.21 earnings per share for the current fiscal year.

Institutional Trading of Lifezone Metals

Several institutional investors have recently made changes to their positions in LZM. The Manufacturers Life Insurance Company purchased a new position in Lifezone Metals in the second quarter worth approximately $124,000. Brown Brothers Harriman & Co. purchased a new position in shares of Lifezone Metals in the 4th quarter valued at about $181,000. Rhumbline Advisers acquired a new stake in Lifezone Metals in the second quarter valued at approximately $306,000. Bank of New York Mellon Corp acquired a new stake in shares of Lifezone Metals in the 2nd quarter valued at $836,000. Finally, Jennison Associates LLC grew its stake in shares of Lifezone Metals by 2.4% during the first quarter. Jennison Associates LLC now owns 493,118 shares of the company’s stock worth $3,782,000 after purchasing an additional 11,468 shares in the last quarter.

About Lifezone Metals

Lifezone Metals Limited engages in the extraction and refining of metals. It supplies lower-carbon and sulfur dioxide emission metals to the battery storage, EV, and hydrogen markets. The company's products include nickel, copper, and cobalt. Its flagship project is the Kabanga nickel project in North-West Tanzania.