MAC Copper Limited (NYSE:MTAL – Get Free Report) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 243 shares, a decline of 85.8% from the July 15th total of 1,717 shares. Based on an average daily volume of 12,946 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.
Institutional Trading of MAC Copper
Several hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in shares of MAC Copper by 10,692.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,806 shares of the company’s stock worth $34,000 after buying an additional 2,780 shares during the period. Parallel Advisors LLC acquired a new position in shares of MAC Copper during the 3rd quarter worth about $44,000. Russell Investments Group Ltd. boosted its stake in shares of MAC Copper by 56.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,108 shares of the company’s stock worth $74,000 after buying an additional 2,197 shares during the last quarter. Legal & General Group Plc increased its position in shares of MAC Copper by 135.5% in the second quarter. Legal & General Group Plc now owns 11,661 shares of the company’s stock valued at $141,000 after acquiring an additional 6,709 shares during the last quarter. Finally, Orion Porfolio Solutions LLC acquired a new stake in shares of MAC Copper in the third quarter valued at about $159,000. Institutional investors and hedge funds own 87.47% of the company’s stock.
MAC Copper Price Performance
Shares of MAC Copper stock remained flat at $10.20 on Wednesday. 7,649 shares of the stock traded hands, compared to its average volume of 25,475. MAC Copper has a 12 month low of $10.00 and a 12 month high of $11.80. The company has a fifty day simple moving average of $10.20 and a 200-day simple moving average of $10.99.
MAC Copper Company Profile
Metals Acquisition Limited focuses on mining and production of copper and silver. It operates the CSA copper mine in Cobar, Australia. The company was incorporated in 2022 and is headquartered in Saint Helier, Jersey.
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