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 daily trading volume, of 149,165 shares, the days-to-cover ratio is currently 0.3 days.
TMC the metals Price Performance
Shares of NASDAQ TMCWW opened at $0.04 on Tuesday. TMC the metals has a 1 year low of $0.04 and a 1 year high of $3.84. The firm has a fifty day moving average price of $0.20 and a 200-day moving average price of $0.59.
Hedge Funds Weigh In On TMC the metals
Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in TMC the metals during the 4th quarter valued at approximately $54,000. Meteora Capital LLC purchased a new position in shares of TMC the metals in the third quarter valued at $55,000. Caption Management LLC bought a new stake in TMC the metals in the third quarter worth $96,000. Wolverine Asset Management LLC raised its stake in TMC the metals by 253.1% during the fourth quarter. Wolverine Asset Management LLC now owns 84,457 shares of the company’s stock valued at $109,000 after purchasing an additional 60,539 shares in the last quarter. Finally, Boothbay Fund Management LLC bought a new position in TMC the metals during the fourth quarter valued at $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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