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

TMC the metals company Inc. (NASDAQ:TMCWW) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 2,600 shares, a growth of 36.8% from the October 31st total of 1,900 shares. Based on an average daily trading volume, of 48,900 shares, the short-interest ratio is presently 0.1 days.

TMC the metals Stock Performance

TMCWW stock traded down $0.01 during midday trading on Friday, reaching $0.07. The company’s stock had a trading volume of 14,935 shares, compared to its average volume of 64,359. The stock has a fifty day simple moving average of $0.08 and a two-hundred day simple moving average of $0.12. TMC the metals has a 1 year low of $0.04 and a 1 year high of $0.32.

About TMC the metals

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.