TMC the metals company Inc. (NASDAQ:TMCWW – Get Free Report) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 732 shares, a decrease of 95.9% from the April 15th total of 17,650 shares. Based on an average daily volume of 153,458 shares, the short-interest ratio is presently 0.0 days.
TMC the metals Stock Performance
TMC the metals stock traded up $0.03 during mid-day trading on Monday, hitting $0.40. 213,351 shares of the company were exchanged, compared to its average volume of 210,301. The business has a fifty day moving average of $0.48 and a 200 day moving average of $1.03. TMC the metals has a 1-year low of $0.23 and a 1-year high of $3.84.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of TMCWW. Wolverine Asset Management LLC acquired a new position in TMC the metals during the 3rd quarter valued at about $25,000. Virtu Financial LLC acquired a new position in shares of TMC the metals in the 4th quarter valued at $54,000. Meteora Capital LLC acquired a new stake in shares of TMC the metals during the third quarter worth $55,000. Caption Management LLC bought a new position in TMC the metals during the third quarter worth about $96,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of TMC the metals in the 4th quarter valued at approximately $735,000.
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.
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