TMC the metals company Inc. (NASDAQ:TMCWW) Sees Significant Increase in Short Interest

TMC the metals company Inc. (NASDAQ:TMCWW) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 5,589 shares, a growth of 663.5% from the April 30th total of 732 shares. Based on an average daily trading volume, of 130,413 shares, the short-interest ratio is currently 0.0 days.

TMC the metals Price Performance

Shares of NASDAQ:TMCWW traded up $0.06 during mid-day trading on Thursday, reaching $0.38. The stock had a trading volume of 264,016 shares, compared to its average volume of 197,389. TMC the metals has a 1 year low of $0.23 and a 1 year high of $3.84. The business’s 50 day moving average price is $0.36 and its 200 day moving average price is $0.94.

Institutional Investors Weigh In On TMC the metals

Hedge funds have recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in shares of TMC the metals in the fourth quarter worth about $54,000. Meteora Capital LLC purchased a new stake in shares of TMC the metals in the third quarter worth about $55,000. Caption Management LLC purchased a new stake in shares of TMC the metals in the third quarter worth about $96,000. Wolverine Asset Management LLC lifted its position in shares of TMC the metals by 253.1% in the fourth quarter. Wolverine Asset Management LLC now owns 84,457 shares of the company’s stock worth $109,000 after buying an additional 60,539 shares in the last quarter. Finally, Boothbay Fund Management LLC purchased a new stake in shares of TMC the metals in the fourth quarter worth about $735,000.

TMC the metals Company Profile

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.