TMC the metals company Inc. (NASDAQ:TMC) Short Interest Up 21.5% in December

TMC the metals company Inc. (NASDAQ:TMCGet Rating) saw a large growth in short interest during the month of December. As of December 30th, there was short interest totalling 5,310,000 shares, a growth of 21.5% from the December 15th total of 4,370,000 shares. Based on an average trading volume of 1,220,000 shares, the short-interest ratio is currently 4.4 days. Currently, 6.3% of the shares of the company are sold short.

TMC the metals Stock Up 5.3 %

NASDAQ:TMC opened at $0.86 on Friday. TMC the metals has a 52 week low of $0.51 and a 52 week high of $3.34. The stock has a market capitalization of $227.03 million, a PE ratio of -2.44 and a beta of 0.76. The stock’s 50-day moving average price is $0.78 and its 200-day moving average price is $0.90.

TMC the metals (NASDAQ:TMCGet Rating) last posted its earnings results on Monday, November 14th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). Sell-side analysts expect that TMC the metals will post -0.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other TMC the metals news, CFO Craig Shesky sold 36,735 shares of the stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $0.80, for a total transaction of $29,388.00. Following the sale, the chief financial officer now directly owns 641,581 shares of the company’s stock, valued at approximately $513,264.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 30.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TMC the metals

A number of institutional investors have recently modified their holdings of TMC. Ronit Capital LLP lifted its stake in TMC the metals by 471.3% in the 3rd quarter. Ronit Capital LLP now owns 1,713,891 shares of the company’s stock valued at $1,800,000 after buying an additional 1,413,891 shares in the last quarter. Baird Financial Group Inc. lifted its stake in TMC the metals by 7,391.3% in the 1st quarter. Baird Financial Group Inc. now owns 1,198,600 shares of the company’s stock valued at $3,104,000 after buying an additional 1,182,600 shares in the last quarter. First Manhattan Co. purchased a new position in TMC the metals in the 3rd quarter valued at about $1,050,000. Bank of Montreal Can lifted its stake in TMC the metals by 5,685.4% in the 1st quarter. Bank of Montreal Can now owns 607,470 shares of the company’s stock worth $1,331,000 after purchasing an additional 596,970 shares in the last quarter. Finally, Luminus Management LLC purchased a new position in TMC the metals in the 1st quarter worth approximately $971,000. 39.67% of the stock is currently owned by institutional investors and hedge funds.

TMC the metals Company Profile

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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 the Clarion Clipperton Zone (CCZ) in the south-west of San Diego, California. The company primarily explores for nickel, cobalt, copper, and manganese products.

Further Reading

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