MAC Copper Limited (NYSE:MTAL) Short Interest Down 85.8% in July

MAC Copper Limited (NYSE:MTAL) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 243 shares, a decrease of 85.8% from the July 15th total of 1,717 shares. Based on an average daily volume of 12,946 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in MTAL. EverSource Wealth Advisors LLC lifted its stake in MAC Copper by 10,692.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,806 shares of the company’s stock worth $34,000 after purchasing an additional 2,780 shares during the last quarter. Parallel Advisors LLC acquired a new position in shares of MAC Copper during the 3rd quarter worth $44,000. Russell Investments Group Ltd. lifted its position in shares of MAC Copper by 56.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,108 shares of the company’s stock worth $74,000 after buying an additional 2,197 shares during the last quarter. Legal & General Group Plc lifted its position in shares of MAC Copper by 135.5% during the 2nd quarter. Legal & General Group Plc now owns 11,661 shares of the company’s stock worth $141,000 after buying an additional 6,709 shares during the last quarter. Finally, Orion Porfolio Solutions LLC acquired a new stake in MAC Copper in the third quarter valued at about $159,000. 87.47% of the stock is owned by institutional investors.

MAC Copper Trading Down 0.2%

MAC Copper stock traded down $0.02 during trading hours on Friday, reaching $10.18. 234,122 shares of the stock were exchanged, compared to its average volume of 28,280. MAC Copper has a twelve month low of $10.00 and a twelve month high of $11.80. The stock has a 50 day moving average of $10.20 and a two-hundred day moving average of $10.97.

MAC Copper Company Profile

Metals Acquisition Limited focuses on mining and production of copper and silver. It operates the CSA copper mine in Cobar, Australia. The company was incorporated in 2022 and is headquartered in Saint Helier, Jersey.