TMC the metals company Inc. (NASDAQ:TMCWW) Short Interest Up 126.7% in January

by · The Markets Daily

TMC the metals company Inc. (NASDAQ:TMCWW – Get Free Report) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 16,010 shares, a growth of 126.7% from the December 31st total of 7,061 shares. Based on an average trading volume of 219,326 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 219,326 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On TMC the metals

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caption Management LLC acquired a new position in TMC the metals in the third quarter valued at $96,000. Meteora Capital LLC purchased a new stake in shares of TMC the metals in the 3rd quarter valued at about $55,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of TMC the metals in the 3rd quarter valued at about $25,000.

TMC the metals Stock Performance

TMCWW traded down $0.34 on Thursday, reaching $1.59. The company’s stock had a trading volume of 190,808 shares, compared to its average volume of 301,546. TMC the metals has a fifty-two week low of $0.14 and a fifty-two week high of $3.84. The stock has a 50 day moving average of $1.50 and a two-hundred day moving average of $1.36.

TMC the metals Company Profile

(Get Free Report)

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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