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

TMC the metals company Inc. (NASDAQ:TMCWW) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 18,400 shares, an increase of 84.0% from the February 28th total of 10,000 shares. Based on an average daily trading volume, of 105,700 shares, the days-to-cover ratio is currently 0.2 days.

TMC the metals Stock Performance

TMCWW opened at $0.19 on Friday. The firm’s 50-day moving average price is $0.20 and its 200-day moving average price is $0.12. TMC the metals has a 52-week low of $0.04 and a 52-week high of $0.32.

About TMC the metals

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.