Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) Short Interest Update

Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 2,000 shares, a decline of 61.5% from the March 31st total of 5,200 shares. Based on an average daily trading volume, of 6,400 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Welsbach Technology Metals Acquisition

Several institutional investors have recently made changes to their positions in the stock. Cable Car Capital LLC bought a new stake in Welsbach Technology Metals Acquisition in the fourth quarter valued at $3,224,000. Robinson Capital Management LLC acquired a new stake in shares of Welsbach Technology Metals Acquisition in the 4th quarter worth about $676,000. Finally, K2 Principal Fund L.P. bought a new stake in Welsbach Technology Metals Acquisition in the 4th quarter valued at about $112,000. 48.61% of the stock is owned by institutional investors.

Welsbach Technology Metals Acquisition Stock Performance

WTMA opened at $10.92 on Friday. The company’s 50-day moving average price is $10.92 and its 200 day moving average price is $10.80. Welsbach Technology Metals Acquisition has a fifty-two week low of $10.40 and a fifty-two week high of $11.68.

About Welsbach Technology Metals Acquisition

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.