Short Interest in TMC the metals company Inc. (NASDAQ:TMCWW) Expands By 560.2%

TMC the metals company Inc. (NASDAQ:TMCWW) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 12,716 shares, an increase of 560.2% from the January 29th total of 1,926 shares. Based on an average trading volume of 192,715 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 192,715 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On TMC the metals

Institutional investors have recently bought and sold shares of the business. Wolverine Asset Management LLC purchased a new stake in shares of TMC the metals in the 3rd quarter valued at $25,000. Virtu Financial LLC acquired a new position in TMC the metals during the fourth quarter valued at $54,000. Meteora Capital LLC purchased a new stake in TMC the metals in the third quarter valued at $55,000. Caption Management LLC acquired a new stake in TMC the metals during the 3rd quarter worth about $96,000. Finally, Boothbay Fund Management LLC purchased a new position in shares of TMC the metals during the 4th quarter valued at about $735,000.

TMC the metals Stock Up 0.5%

Shares of TMCWW stock traded up $0.01 during mid-day trading on Wednesday, reaching $0.99. The stock had a trading volume of 97,437 shares, compared to its average volume of 247,387. TMC the metals has a 1-year low of $0.16 and a 1-year high of $3.84. The business’s fifty day moving average is $1.39 and its 200-day moving average is $1.29.

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.