TMC the metals company Inc. (NASDAQ:TMCWW – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 14,629 shares, a drop of 46.7% from the May 31st total of 27,423 shares. Based on an average daily volume of 183,564 shares, the short-interest ratio is currently 0.1 days.
TMC the metals Stock Performance
NASDAQ:TMCWW opened at $0.16 on Tuesday. The business has a 50 day simple moving average of $0.31 and a 200 day simple moving average of $0.80. TMC the metals has a 12-month low of $0.14 and a 12-month high of $3.84.
Hedge Funds Weigh In On TMC the metals
Several hedge funds and other institutional investors have recently modified their holdings of TMCWW. Virtu Financial LLC bought a new position in shares of TMC the metals during the fourth quarter worth about $54,000. Meteora Capital LLC bought a new stake in TMC the metals in the 3rd quarter valued at about $55,000. Caption Management LLC bought a new stake in TMC the metals in the 3rd quarter valued at about $96,000. Wolverine Asset Management LLC boosted 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 valued at $109,000 after purchasing an additional 60,539 shares during the period. Finally, Boothbay Fund Management LLC acquired a new position in TMC the metals during the 4th quarter valued at 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.
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