Short Interest in Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) Drops By 61.5%

Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 2,000 shares, a decrease of 61.5% from the March 31st total of 5,200 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 6,400 shares, the days-to-cover ratio is presently 0.3 days.

Welsbach Technology Metals Acquisition Stock Performance

NASDAQ:WTMA opened at $10.92 on Friday. The firm has a 50-day simple moving average of $10.92 and a 200-day simple moving average of $10.80. Welsbach Technology Metals Acquisition has a one year low of $10.40 and a one year high of $11.68.

Institutional Trading of Welsbach Technology Metals Acquisition

Several hedge funds and other institutional investors have recently bought and sold shares of WTMA. Cable Car Capital LLC purchased a new position in Welsbach Technology Metals Acquisition in the fourth quarter valued at about $3,224,000. K2 Principal Fund L.P. bought a new stake in shares of Welsbach Technology Metals Acquisition in the 4th quarter valued at about $112,000. Finally, Robinson Capital Management LLC purchased a new position in shares of Welsbach Technology Metals Acquisition in the 4th quarter worth approximately $676,000. Institutional investors own 48.61% of the company’s stock.

About Welsbach Technology Metals Acquisition

Welsbach Technology Metals Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on the technology metals and energy transition metals sectors.