TMC the metals company Inc. (NASDAQ:TMCWW) Short Interest Down 88.0% in January

TMC the metals company Inc. (NASDAQ:TMCWWGet Free Report) was the target of a large decline in short interest in the month of January. As of January 30th, there was short interest totaling 1,926 shares, a decline of 88.0% from the January 15th total of 16,010 shares. Based on an average daily trading volume, of 426,740 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 426,740 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meteora Capital LLC acquired a new stake in TMC the metals in the third quarter worth $55,000. Caption Management LLC bought a new position in shares of TMC the metals during the third quarter worth about $96,000. Finally, Wolverine Asset Management LLC increased its holdings in shares of TMC the metals by 253.1% in the 4th quarter. Wolverine Asset Management LLC now owns 84,457 shares of the company’s stock worth $109,000 after acquiring an additional 60,539 shares during the period.

TMC the metals Trading Down 12.6%

TMCWW opened at $1.08 on Wednesday. The company’s 50-day moving average price is $1.51 and its 200 day moving average price is $1.31. TMC the metals has a fifty-two week low of $0.16 and a fifty-two week high of $3.84.

TMC the metals Company Profile

(Get Free Report)

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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