TMC the metals company Inc. (NASDAQ:TMCWW) Sees Large Decrease in Short Interest

TMC the metals company Inc. (NASDAQ:TMCWW) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 1,934 shares, a decrease of 95.6% from the November 30th total of 43,948 shares. Based on an average daily volume of 354,647 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 354,647 shares, the short-interest ratio is currently 0.0 days.

TMC the metals Stock Up 10.1%

Shares of TMC the metals stock opened at $1.85 on Friday. TMC the metals has a twelve month low of $0.08 and a twelve month high of $3.84. The firm’s 50-day moving average price is $1.36 and its 200 day moving average price is $1.34.

Institutional Trading of TMC the metals

Several large investors have recently made changes to their positions in the company. Wolverine Asset Management LLC acquired a new position in TMC the metals in the 3rd quarter valued at $25,000. Meteora Capital LLC acquired a new stake in shares of TMC the metals in the third quarter valued at about $55,000. Finally, Caption Management LLC purchased a new position in shares of TMC the metals in the third quarter worth about $96,000.

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.