TMC the metals company Inc. (NASDAQ:TMCWW) Sees Large Decline in Short Interest

TMC the metals company Inc. (NASDAQ:TMCWW) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 14,629 shares, a decline of 46.7% from the May 31st total of 27,423 shares. Based on an average daily trading volume, of 183,564 shares, the short-interest ratio is presently 0.1 days.

TMC the metals Stock Performance

Shares of NASDAQ TMCWW traded down $0.00 during mid-day trading on Wednesday, reaching $0.15. The company had a trading volume of 62,021 shares, compared to its average volume of 191,038. The company has a 50-day moving average price of $0.30 and a two-hundred day moving average price of $0.79. TMC the metals has a 1-year low of $0.11 and a 1-year high of $3.84.

Institutional Trading of TMC the metals

A number of hedge funds have recently made changes to their positions in the stock. Meteora Capital LLC acquired a new stake in shares of TMC the metals during the 3rd quarter valued at about $55,000. Caption Management LLC increased its holdings in TMC the metals by 843.1% in the fourth quarter. Caption Management LLC now owns 860,671 shares of the company’s stock worth $1,110,000 after buying an additional 769,410 shares during the last quarter. Boothbay Fund Management LLC bought a new position in TMC the metals during the fourth quarter valued at approximately $735,000. Virtu Financial LLC acquired a new stake in TMC the metals in the fourth quarter valued at approximately $54,000. Finally, Wolverine Asset Management LLC lifted its stake in TMC the metals by 253.1% in the fourth quarter. Wolverine Asset Management LLC now owns 84,457 shares of the company’s stock valued at $109,000 after acquiring an additional 60,539 shares during the last quarter.

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.