Short Interest in TMC the metals company Inc. (NASDAQ:TMCWW) Expands By 181.5%

TMC the metals company Inc. (NASDAQ:TMCWW) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 17,650 shares, an increase of 181.5% from the March 31st total of 6,271 shares. Based on an average daily volume of 182,095 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On TMC the metals

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wolverine Asset Management LLC acquired a new stake in TMC the metals during the 3rd quarter valued at $25,000. Virtu Financial LLC acquired a new stake in TMC the metals during the 4th quarter valued at $54,000. Meteora Capital LLC acquired a new stake in TMC the metals during the 3rd quarter valued at $55,000. Caption Management LLC acquired a new stake in TMC the metals during the 3rd quarter valued at $96,000. Finally, Boothbay Fund Management LLC acquired a new stake in TMC the metals during the 4th quarter valued at $735,000.

TMC the metals Stock Performance

TMCWW stock opened at $0.35 on Monday. TMC the metals has a 1-year low of $0.23 and a 1-year high of $3.84. The business’s 50 day moving average is $0.59 and its 200-day moving average is $1.16.

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.