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

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

TMC the metals Stock Up 0.5%

Shares of NASDAQ:TMCWW opened at $0.99 on Thursday. TMC the metals has a one year low of $0.16 and a one year high of $3.84. The company has a 50-day simple moving average of $1.39 and a 200-day simple moving average of $1.29.

Institutional Trading of TMC the metals

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC purchased a new position in TMC the metals in the third quarter worth $25,000. Virtu Financial LLC acquired a new position in shares of TMC the metals during the 4th quarter worth $54,000. Meteora Capital LLC acquired a new position in shares of TMC the metals during the 3rd quarter worth $55,000. Caption Management LLC purchased a new position in shares of TMC the metals in the 3rd quarter valued at about $96,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of TMC the metals in the fourth quarter valued at about $735,000.

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.