TMC the metals company Inc. (NASDAQ:TMCWW – Get Free Report) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 732 shares, a decline of 95.9% from the April 15th total of 17,650 shares. Based on an average daily volume of 153,458 shares, the days-to-cover ratio is presently 0.0 days.
TMC the metals Stock Up 8.1%
TMCWW stock traded up $0.03 during midday trading on Monday, hitting $0.40. The company’s stock had a trading volume of 213,351 shares, compared to its average volume of 210,301. The company’s fifty day moving average price is $0.48 and its 200 day moving average price is $1.03. TMC the metals has a twelve month low of $0.23 and a twelve month high of $3.84.
Hedge Funds Weigh In On TMC the metals
Several hedge funds and other institutional investors have recently made changes to their positions in TMCWW. Wolverine Asset Management LLC bought a new stake in TMC the metals during the third quarter worth $25,000. Virtu Financial LLC acquired a new position in shares of TMC the metals during the 4th quarter worth about $54,000. Meteora Capital LLC acquired a new position in shares of TMC the metals during the 3rd quarter worth about $55,000. Caption Management LLC bought a new stake in shares of TMC the metals in the 3rd quarter valued at about $96,000. Finally, Boothbay Fund Management LLC acquired a new stake in TMC the metals in the 4th quarter valued at about $735,000.
About TMC the metals
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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