TMC the metals company Inc. (NASDAQ:TMCWW) Sees Significant Increase in Short Interest

TMC the metals company Inc. (NASDAQ:TMCWW) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 27,423 shares, an increase of 390.7% from the May 14th total of 5,589 shares. Based on an average daily volume of 122,734 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Virtu Financial LLC acquired a new position in shares of TMC the metals during the fourth quarter worth approximately $54,000. Caption Management LLC lifted its holdings in shares of TMC the metals by 843.1% during the fourth quarter. Caption Management LLC now owns 860,671 shares of the company’s stock worth $1,110,000 after buying an additional 769,410 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in shares of TMC the metals during the fourth quarter worth approximately $735,000. Wolverine Asset Management LLC lifted its holdings in shares of TMC the metals by 253.1% during the fourth quarter. Wolverine Asset Management LLC now owns 84,457 shares of the company’s stock worth $109,000 after buying an additional 60,539 shares during the last quarter. Finally, Meteora Capital LLC acquired a new position in shares of TMC the metals during the third quarter worth approximately $55,000.

TMC the metals Trading Down 1.5%

Shares of TMCWW stock opened at $0.23 on Thursday. TMC the metals has a 12 month low of $0.22 and a 12 month high of $3.84. The stock has a 50 day moving average of $0.33 and a 200-day moving average of $0.90.

TMC the metals Company Profile

The Metals Company (NASDAQ: TMC; warrants: TMCWW) is a mineral exploration and development firm focused on sourcing critical battery metals from polymetallic nodules on the seafloor. Headquartered in Vancouver, British Columbia, the company holds exploration contracts granted by the International Seabed Authority in the Clarion-Clipperton Zone of the Pacific Ocean. Through its subsidiary, Nauru Ocean Resources Inc, The Metals Company is advancing a pipeline of deep-sea resources rich in nickel, cobalt, copper and manganese, crucial for electric vehicle batteries and grid-scale storage systems.

Founded through a reverse merger with SPAC NPV Acquisition Corp.