TMC the metals company Inc. (NASDAQ:TMCWW – Get Free Report) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 16,010 shares, a growth of 126.7% from the December 31st total of 7,061 shares. Based on an average daily volume of 219,326 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 219,326 shares, the days-to-cover ratio is presently 0.1 days.
TMC the metals Stock Performance
Shares of NASDAQ TMCWW traded down $0.19 during midday trading on Friday, hitting $1.36. 322,520 shares of the company’s stock were exchanged, compared to its average volume of 307,021. TMC the metals has a twelve month low of $0.15 and a twelve month high of $3.84. The stock’s 50 day moving average price is $1.51 and its 200-day moving average price is $1.37.
Institutional Investors Weigh In On TMC the metals
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Caption Management LLC acquired a new stake in TMC the metals in the third quarter worth about $96,000. Meteora Capital LLC acquired a new position in shares of TMC the metals during the third quarter valued at approximately $55,000. Finally, Wolverine Asset Management LLC acquired a new stake in TMC the metals in the third quarter worth approximately $25,000.
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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