Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) Sees Large Decline in Short Interest

Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totalling 2,000 shares, a decrease of 61.5% from the March 31st total of 5,200 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 6,400 shares, the short-interest ratio is currently 0.3 days.

Welsbach Technology Metals Acquisition Price Performance

WTMA opened at $10.92 on Friday. The stock’s 50-day moving average price is $10.92 and its 200 day moving average price is $10.80. Welsbach Technology Metals Acquisition has a 12-month low of $10.40 and a 12-month high of $11.68.

Hedge Funds Weigh In On Welsbach Technology Metals Acquisition

Several hedge funds have recently bought and sold shares of the company. Cable Car Capital LLC acquired a new position in Welsbach Technology Metals Acquisition during the 4th quarter worth about $3,224,000. Robinson Capital Management LLC acquired a new position in Welsbach Technology Metals Acquisition during the 4th quarter worth about $676,000. Finally, K2 Principal Fund L.P. acquired a new position in Welsbach Technology Metals Acquisition during the 4th quarter worth about $112,000. Institutional investors and hedge funds own 48.61% of the company’s stock.

About Welsbach Technology Metals Acquisition

Welsbach Technology Metals Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on the technology metals and energy transition metals sectors.