TMC the metals company Inc. (NASDAQ:TMCWW) Short Interest Update

TMC the metals company Inc. (NASDAQ:TMCWWGet Free Report) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 14,629 shares, a decline of 46.7% from the May 31st total of 27,423 shares. Based on an average daily trading volume, of 183,564 shares, the short-interest ratio is presently 0.1 days.

TMC the metals Trading Up 11.2%

Shares of NASDAQ TMCWW opened at $0.16 on Tuesday. TMC the metals has a 12-month low of $0.14 and a 12-month high of $3.84. The stock has a 50 day simple moving average of $0.31 and a 200-day simple moving average of $0.80.

Institutional Trading of TMC the metals

Several hedge funds have recently added to or reduced their stakes in TMCWW. Virtu Financial LLC acquired a new position in TMC the metals during the 4th quarter worth $54,000. Meteora Capital LLC acquired a new position in shares of TMC the metals during the third quarter valued at $55,000. Caption Management LLC acquired a new position in shares of TMC the metals during the third quarter valued at $96,000. Wolverine Asset Management LLC raised its stake in shares of TMC the metals by 253.1% during the fourth 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. Finally, Boothbay Fund Management LLC bought a new stake in shares of TMC the metals during the fourth quarter valued at about $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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