MAC Copper Limited (NYSE:MTAL) Short Interest Down 42.5% in June

MAC Copper Limited (NYSE:MTAL) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 1,671 shares, a decline of 42.5% from the June 15th total of 2,905 shares. Based on an average trading volume of 15,999 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Trading of MAC Copper

Institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG grew its holdings in shares of MAC Copper by 1,690.6% during the third quarter. UBS Group AG now owns 1,234,977 shares of the company’s stock valued at $15,079,000 after buying an additional 1,166,006 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of MAC Copper in the second quarter worth $13,340,000. Millennium Management LLC raised its stake in shares of MAC Copper by 173.5% in the third quarter. Millennium Management LLC now owns 1,103,835 shares of the company’s stock worth $13,478,000 after purchasing an additional 700,272 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of MAC Copper by 814.4% during the third quarter. Alliancebernstein L.P. now owns 727,596 shares of the company’s stock valued at $8,884,000 after purchasing an additional 648,026 shares in the last quarter. Finally, AQR Arbitrage LLC boosted its position in shares of MAC Copper by 534.0% during the third quarter. AQR Arbitrage LLC now owns 640,206 shares of the company’s stock valued at $7,817,000 after buying an additional 539,234 shares during the last quarter. 87.47% of the stock is currently owned by institutional investors.

MAC Copper Price Performance

Shares of NYSE:MTAL remained flat at $10.20 on Friday. The stock had a trading volume of 5,394 shares, compared to its average volume of 25,864. The business has a 50 day moving average price of $10.18 and a 200 day moving average price of $11.25. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.58 and a quick ratio of 0.45. MAC Copper has a 1 year low of $10.00 and a 1 year high of $11.80.

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.