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

TMC the metals company Inc. (NASDAQ:TMCWW) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 24,647 shares, a decrease of 84.1% from the July 30th total of 154,563 shares. Based on an average daily trading volume, of 537,581 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On TMC the metals

A number of hedge funds and other institutional investors have recently bought and sold shares of TMCWW. Virtu Financial LLC purchased a new stake in TMC the metals during the 4th quarter worth about $54,000. Meteora Capital LLC purchased a new position in TMC the metals in the third quarter worth $55,000. Wolverine Asset Management LLC increased its position in shares of TMC the metals by 253.1% during the 4th quarter. Wolverine Asset Management LLC now owns 84,457 shares of the company’s stock valued at $109,000 after purchasing an additional 60,539 shares during the last quarter. Caption Management LLC purchased a new position in shares of TMC the metals during the third quarter worth approximately $96,000. Finally, Boothbay Fund Management LLC bought a new position in shares of TMC the metals during the 4th quarter valued at $735,000.

TMC the metals Stock Up 18.0%

NASDAQ:TMCWW opened at $0.02 on Wednesday. The firm’s 50 day moving average is $0.09 and its 200 day moving average is $0.37. TMC the metals has a 12 month low of $0.01 and a 12 month high of $3.84.

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.