TMC the metals company Inc. (NASDAQ:TMCWW) Sees Large Increase in Short Interest

TMC the metals company Inc. (NASDAQ:TMCWW) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 17,300 shares, an increase of 53.1% from the January 15th total of 11,300 shares. Based on an average daily volume of 107,600 shares, the days-to-cover ratio is presently 0.2 days.

TMC the metals Trading Up 14.2 %

Shares of NASDAQ TMCWW opened at $0.22 on Friday. The company’s 50-day simple moving average is $0.12 and its 200-day simple moving average is $0.10. TMC the metals has a 52-week low of $0.04 and a 52-week high of $0.32.

TMC the metals Company Profile

TMC the metals company Inc, a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in California. It primarily explores for nickel, cobalt, copper, and manganese products. The company holds exploration and commercial rights in three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean.