Short Interest in TMC the metals company Inc. (NASDAQ:TMCWW) Declines By 84.1%

TMC the metals company Inc. (NASDAQ:TMCWW) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 24,647 shares, a decline of 84.1% from the July 30th total of 154,563 shares. Based on an average trading volume of 537,581 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On TMC the metals

A number of large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of TMC the metals during the fourth quarter valued at about $54,000. Caption Management LLC increased its holdings in TMC the metals by 843.1% during the 4th quarter. Caption Management LLC now owns 860,671 shares of the company’s stock valued at $1,110,000 after purchasing an additional 769,410 shares during the period. Boothbay Fund Management LLC bought a new position in TMC the metals during the 4th quarter valued at approximately $735,000. Wolverine Asset Management LLC raised its position in TMC the metals by 253.1% during the 4th 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 during the last quarter. Finally, Meteora Capital LLC purchased a new stake in TMC the metals in the 3rd quarter worth approximately $55,000.

TMC the metals Stock Performance

Shares of TMC the metals stock opened at $0.02 on Wednesday. TMC the metals has a 52-week low of $0.01 and a 52-week high of $3.84. The company’s 50 day moving average price is $0.09 and its 200-day moving average price is $0.37.

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.