Short Interest in TMC the metals company Inc. (NASDAQ:TMCWW) Expands By 239.5%

TMC the metals company Inc. (NASDAQ:TMCWW) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 25,800 shares, an increase of 239.5% from the December 31st total of 7,600 shares. Based on an average trading volume of 65,900 shares, the short-interest ratio is presently 0.4 days.

TMC the metals Price Performance

TMC the metals stock traded down $0.00 during mid-day trading on Friday, hitting $0.15. The stock had a trading volume of 58,191 shares, compared to its average volume of 170,920. The stock has a 50-day simple moving average of $0.10 and a two-hundred day simple moving average of $0.10. TMC the metals has a 12 month low of $0.04 and a 12 month high of $0.32.

TMC the metals Company Profile

TMC the metals company Inc, a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in California. It primarily explores for nickel, cobalt, copper, and manganese products. The company holds exploration and commercial rights in three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean.