TMC the metals company Inc. (NASDAQ:TMCWW – Get Free Report) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 154,563 shares, a growth of 216.2% from the July 15th total of 48,886 shares. Based on an average daily volume of 147,922 shares, the days-to-cover ratio is presently 1.0 days.
TMC the metals Stock Performance
Shares of NASDAQ TMCWW traded down $0.04 during trading hours on Friday, reaching $0.02. 1,620,477 shares of the stock traded hands, compared to its average volume of 209,079. TMC the metals has a 52-week low of $0.01 and a 52-week high of $3.84. The company’s 50-day simple moving average is $0.12 and its two-hundred day simple moving average is $0.45.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in shares of TMC the metals in the 4th quarter worth approximately $54,000. Meteora Capital LLC bought a new position in shares of TMC the metals during the 3rd quarter valued at $55,000. Wolverine Asset Management LLC raised its position in TMC the metals by 253.1% in the 4th quarter. Wolverine Asset Management LLC now owns 84,457 shares of the company’s stock worth $109,000 after purchasing an additional 60,539 shares during the period. Caption Management LLC purchased a new position in TMC the metals in the 3rd quarter worth $96,000. Finally, Boothbay Fund Management LLC purchased a new position in TMC the metals in the 4th quarter worth $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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