TMC the metals company Inc. (NASDAQ:TMCWW – Get Free Report) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 48,886 shares, an increase of 131.9% from the June 30th total of 21,080 shares. Based on an average trading volume of 149,165 shares, the short-interest ratio is presently 0.3 days.
Institutional Trading of TMC the metals
Several large investors have recently added to or reduced their stakes in TMCWW. Caption Management LLC acquired a new stake in shares of TMC the metals in the third quarter worth $96,000. Meteora Capital LLC acquired a new position in TMC the metals during the third quarter valued at $55,000. Wolverine Asset Management LLC lifted its stake in TMC the metals by 253.1% in the 4th quarter. Wolverine Asset Management LLC now owns 84,457 shares of the company’s stock worth $109,000 after acquiring an additional 60,539 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in TMC the metals in the 4th quarter worth about $735,000. Finally, Virtu Financial LLC acquired a new stake in TMC the metals during the 4th quarter worth about $54,000.
TMC the metals Stock Performance
TMCWW stock opened at $0.04 on Thursday. TMC the metals has a 52-week low of $0.03 and a 52-week high of $3.84. The company’s 50 day simple moving average is $0.19 and its 200-day simple moving average is $0.57.
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.
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