TMC the metals company Inc. (NASDAQ:TMCWW) Sees Significant Increase in Short Interest

TMC the metals company Inc. (NASDAQ:TMCWW) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 5,589 shares, a growth of 663.5% from the April 30th total of 732 shares. Based on an average daily volume of 130,413 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On TMC the metals

Large investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in shares of TMC the metals in the fourth quarter valued at about $54,000. Meteora Capital LLC purchased a new position in shares of TMC the metals in the third quarter valued at about $55,000. Wolverine Asset Management LLC lifted its position 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 acquiring an additional 60,539 shares in the last quarter. Caption Management LLC purchased a new position in shares of TMC the metals in the third quarter valued at about $96,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of TMC the metals in the fourth quarter valued at about $735,000.

TMC the metals Stock Performance

NASDAQ:TMCWW traded up $0.06 during mid-day trading on Thursday, hitting $0.38. 264,016 shares of the company traded hands, compared to its average volume of 197,389. The stock’s fifty day moving average price is $0.36 and its 200-day moving average price is $0.94. TMC the metals has a one year low of $0.23 and a one year high of $3.84.

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.