TMC the metals company Inc. (NASDAQ:TMCWW – Get Free Report) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 16,010 shares, an increase of 126.7% from the December 31st total of 7,061 shares. Based on an average daily trading volume, of 219,326 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 219,326 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Investors Weigh In On TMC the metals
Several hedge funds have recently modified their holdings of the stock. Meteora Capital LLC acquired a new position in TMC the metals in the 3rd quarter valued at $55,000. Caption Management LLC purchased a new position in TMC the metals during the third quarter worth about $96,000. Finally, Wolverine Asset Management LLC acquired a new stake in TMC the metals in the third quarter valued at about $25,000.
TMC the metals Stock Performance
Shares of TMCWW traded down $0.34 during mid-day trading on Thursday, reaching $1.59. 190,808 shares of the company’s stock were exchanged, compared to its average volume of 301,546. The business’s fifty day simple moving average is $1.50 and its 200-day simple moving average is $1.36. TMC the metals has a 52-week low of $0.14 and a 52-week 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.
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