Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA – Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 800 shares, a decrease of 20.0% from the July 31st total of 1,000 shares. Based on an average daily volume of 2,500 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.
Welsbach Technology Metals Acquisition Trading Down 1.7 %
WTMA stock traded down $0.19 during midday trading on Friday, reaching $11.01. The stock had a trading volume of 101 shares, compared to its average volume of 7,378. The company’s fifty day simple moving average is $11.13 and its 200 day simple moving average is $11.02. Welsbach Technology Metals Acquisition has a 52-week low of $10.51 and a 52-week high of $11.44.
Institutional Trading of Welsbach Technology Metals Acquisition
Several large investors have recently bought and sold shares of the business. K2 Principal Fund L.P. acquired a new position in shares of Welsbach Technology Metals Acquisition during the 4th quarter worth approximately $112,000. Tidal Investments LLC lifted its position in Welsbach Technology Metals Acquisition by 3.2% during the first quarter. Tidal Investments LLC now owns 35,562 shares of the company’s stock worth $390,000 after buying an additional 1,100 shares in the last quarter. Robinson Capital Management LLC acquired a new position in Welsbach Technology Metals Acquisition during the fourth quarter worth $676,000. Finally, Cable Car Capital LLC acquired a new position in Welsbach Technology Metals Acquisition during the fourth quarter worth $3,224,000. Hedge funds and other institutional investors own 48.61% of the company’s stock.
Welsbach Technology Metals Acquisition Company Profile
Welsbach Technology Metals Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on the technology metals and energy transition metals sectors.
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