Short Interest in TMC the metals company Inc. (NASDAQ:TMCWW) Rises By 560.2%

TMC the metals company Inc. (NASDAQ:TMCWW) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 12,716 shares, a growth of 560.2% from the January 29th total of 1,926 shares. Based on an average daily volume of 192,715 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 192,715 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of TMC the metals

Large investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC acquired a new position in shares of TMC the metals in the 3rd quarter valued at about $25,000. Virtu Financial LLC acquired a new stake in shares of TMC the metals during the fourth quarter worth approximately $54,000. Meteora Capital LLC purchased a new position in TMC the metals during the third quarter valued at approximately $55,000. Caption Management LLC acquired a new position in TMC the metals in the 3rd quarter valued at approximately $96,000. Finally, Boothbay Fund Management LLC purchased a new stake in TMC the metals in the 4th quarter worth approximately $735,000.

TMC the metals Stock Up 6.1%

Shares of TMCWW stock opened at $1.05 on Friday. The stock has a 50-day simple moving average of $1.38 and a 200 day simple moving average of $1.29. 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

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.