TMC the metals company Inc. (NASDAQ:TMCWW) Short Interest Down 88.0% in January

TMC the metals company Inc. (NASDAQ:TMCWWGet Free Report) was the recipient of a significant drop in short interest in January. As of January 30th, there was short interest totaling 1,926 shares, a drop of 88.0% from the January 15th total of 16,010 shares. Based on an average daily trading volume, of 426,740 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 426,740 shares, the short-interest ratio is currently 0.0 days.

TMC the metals Stock Down 12.6%

TMCWW stock traded down $0.16 during mid-day trading on Tuesday, reaching $1.08. The company’s stock had a trading volume of 119,594 shares, compared to its average volume of 302,385. TMC the metals has a fifty-two week low of $0.16 and a fifty-two week high of $3.84. The company’s 50 day moving average is $1.51 and its two-hundred day moving average is $1.31.

Institutional Investors Weigh In On TMC the metals

Several hedge funds and other institutional investors have recently made changes to their positions in TMCWW. Wolverine Asset Management LLC purchased a new stake in TMC the metals in the 3rd quarter valued at about $25,000. Meteora Capital LLC purchased a new stake in shares of TMC the metals in the 3rd quarter valued at approximately $55,000. Finally, Caption Management LLC acquired a new position in shares of TMC the metals in the 3rd quarter worth approximately $96,000.

TMC the metals Company Profile

(Get Free Report)

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.

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