TMC the metals company Inc. (NASDAQ:TMCWW) Short Interest Update

TMC the metals company Inc. (NASDAQ:TMCWW) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 27,423 shares, a growth of 390.7% from the May 14th total of 5,589 shares. Based on an average trading volume of 122,734 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On TMC the metals

A number of institutional investors and hedge funds have recently made changes to their positions in TMCWW. Caption Management LLC raised its stake in shares of TMC the metals by 843.1% in the 4th quarter. Caption Management LLC now owns 860,671 shares of the company’s stock valued at $1,110,000 after acquiring an additional 769,410 shares during the period. Boothbay Fund Management LLC purchased a new stake in TMC the metals during the 4th quarter worth approximately $735,000. Wolverine Asset Management LLC increased its stake in TMC the metals by 253.1% during the 4th quarter. Wolverine Asset Management LLC now owns 84,457 shares of the company’s stock worth $109,000 after buying an additional 60,539 shares during the period. Meteora Capital LLC purchased a new stake in TMC the metals during the 3rd quarter worth approximately $55,000. Finally, Virtu Financial LLC purchased a new stake in TMC the metals during the 4th quarter worth approximately $54,000.

TMC the metals Price Performance

Shares of TMC the metals stock traded up $0.01 on Friday, reaching $0.26. The company had a trading volume of 651,207 shares, compared to its average volume of 195,402. The firm’s 50 day moving average price is $0.33 and its two-hundred day moving average price is $0.90. TMC the metals has a 52-week low of $0.22 and a 52-week high of $3.84.

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.