Short Interest in MAC Copper Limited (NYSE:MTAL) Declines By 85.8%

MAC Copper Limited (NYSE:MTALGet Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 243 shares, a decrease 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. Approximately 0.0% of the shares of the company are short sold.

Institutional Trading of MAC Copper

Large investors have recently added to or reduced their stakes in the business. UBS Group AG raised its position in MAC Copper by 1,690.6% in the 3rd quarter. UBS Group AG now owns 1,234,977 shares of the company’s stock worth $15,079,000 after purchasing an additional 1,166,006 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of MAC Copper in the 2nd quarter valued at $13,340,000. Millennium Management LLC increased its holdings in MAC Copper by 173.5% in the third quarter. Millennium Management LLC now owns 1,103,835 shares of the company’s stock valued at $13,478,000 after purchasing an additional 700,272 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of MAC Copper by 814.4% in the 3rd quarter. Alliancebernstein L.P. now owns 727,596 shares of the company’s stock valued at $8,884,000 after acquiring an additional 648,026 shares during the last quarter. Finally, AQR Arbitrage LLC raised its position in shares of MAC Copper by 534.0% in the 3rd quarter. AQR Arbitrage LLC now owns 640,206 shares of the company’s stock valued at $7,817,000 after acquiring an additional 539,234 shares during the period. 87.47% of the stock is currently owned by institutional investors.

MAC Copper Price Performance

MTAL remained flat at $10.20 during trading hours on Wednesday. The company had a trading volume of 7,649 shares, 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 business’s fifty day moving average is $10.20 and its 200-day moving average is $10.99.

MAC Copper Company Profile

(Get Free Report)

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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