Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) Short Interest Down 61.5% in April

Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 2,000 shares, a decline of 61.5% from the March 31st total of 5,200 shares. Based on an average daily volume of 6,400 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of Welsbach Technology Metals Acquisition

Large investors have recently made changes to their positions in the company. Cable Car Capital LLC purchased a new position in Welsbach Technology Metals Acquisition in the fourth quarter worth approximately $3,224,000. Robinson Capital Management LLC acquired a new stake in shares of Welsbach Technology Metals Acquisition in the 4th quarter valued at $676,000. Finally, K2 Principal Fund L.P. purchased a new stake in shares of Welsbach Technology Metals Acquisition during the 4th quarter worth $112,000. 48.61% of the stock is currently owned by hedge funds and other institutional investors.

Welsbach Technology Metals Acquisition Stock Performance

Shares of NASDAQ WTMA opened at $10.92 on Friday. The stock’s 50-day moving average is $10.92 and its two-hundred day moving average is $10.80. Welsbach Technology Metals Acquisition has a 1-year low of $10.40 and a 1-year high of $11.68.

Welsbach Technology Metals Acquisition Company Profile

Welsbach Technology Metals Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on the technology metals and energy transition metals sectors.