Short Interest in Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) Decreases By 61.5%

Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 2,000 shares, a decline of 61.5% from the March 31st total of 5,200 shares. Based on an average daily volume of 6,400 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. K2 Principal Fund L.P. bought a new stake in Welsbach Technology Metals Acquisition in the 4th quarter valued at $112,000. Robinson Capital Management LLC bought a new position in Welsbach Technology Metals Acquisition in the 4th quarter valued at approximately $676,000. Finally, Cable Car Capital LLC acquired a new stake in shares of Welsbach Technology Metals Acquisition during the 4th quarter valued at $3,224,000. Institutional investors and hedge funds own 48.61% of the company’s stock.

Welsbach Technology Metals Acquisition Stock Performance

NASDAQ:WTMA opened at $10.92 on Friday. The firm’s fifty day moving average price is $10.92 and its two-hundred day moving average price is $10.80. Welsbach Technology Metals Acquisition has a one year low of $10.40 and a one year high of $11.68.

Welsbach Technology Metals Acquisition Company Profile

Welsbach Technology Metals Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on the technology metals and energy transition metals sectors.