Short Interest in TMC the metals company Inc. (NASDAQ:TMCWW) Expands By 560.2%

TMC the metals company Inc. (NASDAQ:TMCWW) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 12,716 shares, an increase of 560.2% from the January 29th total of 1,926 shares. Based on an average trading volume of 192,715 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 192,715 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On TMC the metals

A number of institutional investors have recently added to or reduced their stakes in the stock. Caption Management LLC raised its position in 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 acquiring an additional 769,410 shares during the period. Boothbay Fund Management LLC purchased a new stake in shares of TMC the metals during the fourth quarter worth about $735,000. Wolverine Asset Management LLC raised 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 worth $109,000 after purchasing an additional 60,539 shares during the last quarter. Meteora Capital LLC purchased a new position in TMC the metals in the 3rd quarter valued at about $55,000. Finally, Virtu Financial LLC purchased a new position in shares of TMC the metals in the fourth quarter valued at approximately $54,000.

TMC the metals Stock Performance

NASDAQ TMCWW traded up $0.01 during trading hours on Wednesday, reaching $0.99. The company’s stock had a trading volume of 97,437 shares, compared to its average volume of 247,387. The company’s 50-day moving average is $1.39 and its two-hundred day moving average is $1.29. TMC the metals has a 1-year low of $0.16 and a 1-year high of $3.84.

About TMC the metals

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.