TMC the metals company Inc. (NASDAQ:TMCWW – Get Free Report) saw a significant growth in short interest in March. As of March 31st, there was short interest totaling 6,271 shares, a growth of 147.1% from the March 15th total of 2,538 shares. Based on an average daily volume of 267,167 shares, the days-to-cover ratio is currently 0.0 days.
TMC the metals Stock Performance
TMCWW stock opened at $0.29 on Tuesday. TMC the metals has a twelve month low of $0.23 and a twelve month high of $3.84. The stock’s 50 day moving average is $0.73 and its 200-day moving average is $1.22.
Institutional Trading of TMC the metals
A number of institutional investors and hedge funds have recently modified their holdings of TMCWW. Wolverine Asset Management LLC purchased a new stake in shares of TMC the metals during the third quarter valued at approximately $25,000. Caption Management LLC purchased a new stake in shares of TMC the metals during the third quarter valued at approximately $96,000. Meteora Capital LLC purchased a new stake in shares of TMC the metals during the third quarter valued at approximately $55,000. Boothbay Fund Management LLC purchased a new stake in shares of TMC the metals during the fourth quarter valued at approximately $735,000. Finally, Virtu Financial LLC purchased a new stake in shares of TMC the metals during the fourth quarter valued at approximately $54,000.
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.
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