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

TMC the metals company Inc. (NASDAQ:TMCWW) saw a large decrease in short interest in June. As of June 15th, there was short interest totalling 4,100 shares, a decrease of 91.3% from the May 31st total of 46,900 shares. Based on an average trading volume of 41,800 shares, the short-interest ratio is presently 0.1 days.

TMC the metals Stock Performance

TMC the metals stock traded up $0.00 during trading on Friday, reaching $0.18. 17,600 shares of the company were exchanged, compared to its average volume of 81,639. The stock’s 50 day simple moving average is $0.18 and its two-hundred day simple moving average is $0.16. TMC the metals has a 52-week low of $0.06 and a 52-week high of $0.55.

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.