TMC the metals company Inc. (NASDAQ:TMCWW – Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 24,647 shares, a decrease of 84.1% from the July 30th total of 154,563 shares. Based on an average trading volume of 537,581 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Investors Weigh In On TMC the metals
Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in TMC the metals in the fourth quarter valued at approximately $54,000. Meteora Capital LLC bought a new position in TMC the metals during the 3rd quarter worth approximately $55,000. Wolverine Asset Management LLC lifted its holdings 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 buying an additional 60,539 shares during the period. Caption Management LLC acquired a new position in shares of TMC the metals in the 3rd quarter valued at about $96,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of TMC the metals during the 4th quarter valued at about $735,000.
TMC the metals Trading Down 4.7%
TMC the metals stock traded down $0.00 during trading hours on Thursday, reaching $0.01. 204,903 shares of the stock were exchanged, compared to its average volume of 224,375. The stock has a 50 day moving average of $0.08 and a two-hundred day moving average of $0.36. TMC the metals has a twelve month low of $0.01 and a twelve month high of $3.84.
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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