TMC the metals company Inc. (NASDAQ:TMCWW) Short Interest Up 216.2% in July

TMC the metals company Inc. (NASDAQ:TMCWWGet Free Report) was the target of a significant growth in short interest in the month of 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 daily volume of 147,922 shares, the short-interest ratio is currently 1.0 days.

TMC the metals Trading Down 6.5%

TMCWW stock traded down $0.00 during trading on Thursday, reaching $0.04. The company’s stock had a trading volume of 117,291 shares, compared to its average volume of 193,722. The company’s fifty day moving average is $0.13 and its 200-day moving average is $0.47. TMC the metals has a 1 year low of $0.02 and a 1 year high of $3.84.

Institutional Trading of TMC the metals

Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in TMC the metals during the fourth quarter valued at approximately $54,000. Meteora Capital LLC purchased a new position in shares of TMC the metals during the third quarter worth approximately $55,000. Wolverine Asset Management LLC raised its position 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 valued at $109,000 after purchasing an additional 60,539 shares in the last quarter. Caption Management LLC bought a new stake in shares of TMC the metals in the third quarter valued at about $96,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of TMC the metals in the 4th quarter worth approximately $735,000.

About TMC the metals

(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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