Short Interest in TMC the metals company Inc. (NASDAQ:TMCWW) Rises By 216.2%

TMC the metals company Inc. (NASDAQ:TMCWW) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 154,563 shares, an increase of 216.2% from the July 15th total of 48,886 shares. Based on an average trading volume of 147,922 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Trading of TMC the metals

Institutional investors and hedge funds have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in TMC the metals in the 4th quarter worth about $54,000. Caption Management LLC grew its position in shares of TMC the metals by 843.1% in the fourth quarter. Caption Management LLC now owns 860,671 shares of the company’s stock valued at $1,110,000 after purchasing an additional 769,410 shares in the last quarter. Boothbay Fund Management LLC acquired a new stake in shares of TMC the metals in the fourth quarter valued at approximately $735,000. Wolverine Asset Management LLC increased its holdings 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 valued at $109,000 after purchasing an additional 60,539 shares during the last quarter. Finally, Meteora Capital LLC purchased a new position in TMC the metals during the third quarter worth approximately $55,000.

TMC the metals Trading Down 6.5%

Shares of TMC the metals stock traded down $0.00 on Thursday, reaching $0.04. 117,291 shares of the stock were exchanged, compared to its average volume of 193,722. TMC the metals has a twelve month low of $0.02 and a twelve month high of $3.84. The business has a 50 day moving average price of $0.13 and a two-hundred day moving average price of $0.47.

About TMC the metals

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.