Short Interest in TMC the metals company Inc. (NASDAQ:TMCWW) Increases By 147.1%

TMC the metals company Inc. (NASDAQ:TMCWW) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 6,271 shares, a growth of 147.1% from the March 15th total of 2,538 shares. Based on an average trading volume of 267,167 shares, the short-interest ratio is presently 0.0 days.

TMC the metals Stock Performance

NASDAQ TMCWW traded up $0.05 during trading on Monday, hitting $0.29. 137,469 shares of the company’s stock traded hands, compared to its average volume of 223,158. The stock has a fifty day moving average of $0.75 and a two-hundred day moving average of $1.23. TMC the metals has a 12-month low of $0.23 and a 12-month high of $3.84.

Institutional Trading of TMC the metals

Several institutional investors have recently added to or reduced their stakes in TMCWW. Caption Management LLC boosted its position in TMC the metals by 843.1% during the fourth quarter. Caption Management LLC now owns 860,671 shares of the company’s stock valued at $1,110,000 after buying an additional 769,410 shares during the period. Boothbay Fund Management LLC purchased a new stake in TMC the metals during the fourth quarter valued at about $735,000. Wolverine Asset Management LLC increased 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 during the period. Meteora Capital LLC bought a new position in shares of TMC the metals during the third quarter valued at about $55,000. Finally, Virtu Financial LLC bought a new position in shares of TMC the metals during the fourth quarter valued at about $54,000.

TMC the metals Company Profile

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.