TMC the metals company Inc. (NASDAQ:TMCWW) Short Interest Down 95.6% in December
by Tristan Rich · The Markets DailyTMC the metals company Inc. (NASDAQ:TMCWW – Get Free Report) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 1,934 shares, a drop 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 presently 0.0 days. Based on an average daily volume of 354,647 shares, the short-interest ratio is presently 0.0 days.
Institutional Trading of TMC the metals
A number of hedge funds and other institutional investors have recently bought and sold shares of TMCWW. Meteora Capital LLC bought a new stake in shares of TMC the metals during the third quarter worth $55,000. Caption Management LLC purchased a new position in TMC the metals in the 3rd quarter worth about $96,000. Finally, Wolverine Asset Management LLC purchased a new position in TMC the metals in the 3rd quarter worth about $25,000.
TMC the metals Trading Up 10.1%
Shares of TMCWW traded up $0.17 during mid-day trading on Wednesday, reaching $1.85. 242,654 shares of the company’s stock traded hands, compared to its average volume of 517,469. The stock’s 50-day moving average is $1.38 and its two-hundred day moving average is $1.34. TMC the metals has a 12 month low of $0.08 and a 12 month high of $3.84.
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.