TMC the metals company Inc. (NASDAQ:TMCWW – Get Free Report) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 48,886 shares, a growth of 131.9% from the June 30th total of 21,080 shares. Based on an average daily volume of 149,165 shares, the short-interest ratio is currently 0.3 days.
TMC the metals Stock Performance
NASDAQ:TMCWW opened at $0.04 on Tuesday. The stock’s fifty day moving average is $0.20 and its 200 day moving average is $0.59. TMC the metals has a fifty-two week low of $0.04 and a fifty-two week high of $3.84.
Institutional Investors Weigh In On TMC the metals
Several institutional investors have recently made changes to their positions in TMCWW. Caption Management LLC purchased a new position in shares of TMC the metals during the 3rd quarter worth about $96,000. Meteora Capital LLC bought a new position in TMC the metals during the 3rd quarter valued at about $55,000. Wolverine Asset Management LLC raised its position in TMC the metals by 253.1% in the 4th quarter. Wolverine Asset Management LLC now owns 84,457 shares of the company’s stock worth $109,000 after purchasing an additional 60,539 shares during the period. Boothbay Fund Management LLC purchased a new stake in TMC the metals in the 4th quarter worth about $735,000. Finally, Virtu Financial LLC purchased a new stake in TMC the metals in the 4th quarter worth 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.
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