TMC the metals company Inc. (NASDAQ:TMCWW – Get Free Report) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 154,563 shares, a growth of 216.2% from the July 15th total of 48,886 shares. Based on an average trading volume of 147,922 shares, the short-interest ratio is currently 1.0 days.
Institutional Investors Weigh In On TMC the metals
A number of institutional investors have recently modified their holdings of TMCWW. Meteora Capital LLC bought a new position in shares of TMC the metals during the third quarter worth about $55,000. Caption Management LLC bought a new stake in TMC the metals in the third quarter valued at about $96,000. Boothbay Fund Management LLC acquired a new stake in TMC the metals during the fourth quarter valued at approximately $735,000. Virtu Financial LLC acquired a new stake in TMC the metals during the fourth quarter valued at approximately $54,000. Finally, Wolverine Asset Management LLC lifted its holdings 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 last quarter.
TMC the metals Trading Down 68.7%
NASDAQ TMCWW opened at $0.02 on Friday. TMC the metals has a 12 month low of $0.01 and a 12 month high of $3.84. The company’s fifty day moving average price is $0.12 and its two-hundred day moving average price is $0.45.
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.
See Also
- Five stocks we like better than TMC the metals
- Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing
- AirJoule Technologies: Short Squeeze Setup Amid Rising Risks
- MarketBeat Week in Review – 08/10 – 08/14
- Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
Receive News & Ratings for TMC the metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TMC the metals and related companies with MarketBeat.com's FREE daily email newsletter.
