TMC the metals company Inc. (NASDAQ:TMCWW – Get Free Report) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 27,423 shares, an increase of 390.7% from the May 14th total of 5,589 shares. Based on an average daily trading volume, of 122,734 shares, the days-to-cover ratio is presently 0.2 days.
TMC the metals Trading Down 1.5%
Shares of TMCWW stock opened at $0.23 on Thursday. The stock has a 50 day moving average of $0.33 and a 200-day moving average of $0.90. TMC the metals has a 12 month low of $0.22 and a 12 month high of $3.84.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of TMC the metals in the fourth quarter valued at $54,000. Meteora Capital LLC acquired a new position in shares of TMC the metals in the third quarter valued at $55,000. Wolverine Asset Management LLC raised its stake in shares of 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 purchasing an additional 60,539 shares in the last quarter. Caption Management LLC acquired a new position in shares of TMC the metals in the third quarter valued at $96,000. Finally, Boothbay Fund Management LLC acquired a new position in shares of TMC the metals in 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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