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

TMC the metals company Inc. (NASDAQ:TMCWW) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 11,300 shares, a drop of 56.2% from the December 31st total of 25,800 shares. Based on an average trading volume of 94,700 shares, the short-interest ratio is currently 0.1 days.

TMC the metals Stock Performance

Shares of TMCWW stock traded up $0.01 during mid-day trading on Thursday, hitting $0.15. The company’s stock had a trading volume of 68,136 shares, compared to its average volume of 172,482. TMC the metals has a 52 week low of $0.04 and a 52 week high of $0.32. The company’s fifty day simple moving average is $0.10 and its 200-day simple moving average is $0.10.

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.