TMC the metals company Inc. (NASDAQ:TMCWW) Sees Large Increase in Short Interest

TMC the metals company Inc. (NASDAQ:TMCWW) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 7,061 shares, a growth of 265.1% from the December 15th total of 1,934 shares. Based on an average daily volume of 247,896 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 247,896 shares, the days-to-cover ratio is currently 0.0 days.

TMC the metals Stock Performance

TMCWW opened at $1.46 on Wednesday. The firm’s fifty day moving average price is $1.34 and its two-hundred day moving average price is $1.36. TMC the metals has a fifty-two week low of $0.09 and a fifty-two week high of $3.84.

Institutional Trading of TMC the metals

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TMCWW. Wolverine Asset Management LLC bought a new position in TMC the metals during the third quarter worth about $25,000. Meteora Capital LLC acquired a new position in shares of TMC the metals in the 3rd quarter worth approximately $55,000. Finally, Caption Management LLC bought a new position in shares of TMC the metals during the 3rd quarter worth approximately $96,000.

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.