TMC the metals company Inc. (NASDAQ:TMCWW – Get Free Report) was the recipient of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 8,042 shares, a drop of 36.8% from the February 12th total of 12,716 shares. Based on an average daily trading volume, of 94,470 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 94,470 shares, the days-to-cover ratio is presently 0.1 days.
TMC the metals Price Performance
Shares of TMCWW traded down $0.05 during mid-day trading on Friday, hitting $0.74. 141,754 shares of the company’s stock traded hands, compared to its average volume of 221,017. The business’s 50-day moving average price is $1.21 and its 200-day moving average price is $1.29. TMC the metals has a 1 year low of $0.19 and a 1 year high of $3.84.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in TMCWW. Wolverine Asset Management LLC purchased a new stake in shares of TMC the metals in the 3rd quarter worth about $25,000. Virtu Financial LLC purchased a new position in shares of TMC the metals during the fourth quarter valued at about $54,000. Meteora Capital LLC bought a new position in TMC the metals in the third quarter worth about $55,000. Caption Management LLC purchased a new stake in TMC the metals in the third quarter worth about $96,000. Finally, Boothbay Fund Management LLC purchased a new stake in TMC the metals in the fourth quarter worth about $735,000.
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.
See Also
- Five stocks we like better than TMC the metals
- Elon Musk’s $1 Quadrillion AI IPO
- Silver paying 20% dividend. Plus 68% share gains
- ~$1.5T SpaceX IPO: Pre-IPO Opportunity
- Look who’s buying 2 tonnes of gold… per week!
- How JPMorgan’s $8,000 Gold Call Will Leave Most Retirement Accounts Behind
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.
