Short Interest in TMC the metals company Inc. (NASDAQ:TMCWW) Drops By 53.7%

TMC the metals company Inc. (NASDAQ:TMCWW) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 3,800 shares, a decline of 53.7% from the June 30th total of 8,200 shares. Based on an average daily trading volume, of 35,900 shares, the short-interest ratio is currently 0.1 days.

TMC the metals Stock Performance

Shares of TMC the metals stock traded down $0.01 during trading hours on Friday, reaching $0.13. The company’s stock had a trading volume of 20,005 shares, compared to its average volume of 75,487. TMC the metals has a one year low of $0.06 and a one year high of $0.36. The firm has a 50 day moving average price of $0.17 and a 200-day moving average price of $0.17.

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.