Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) Short Interest Down 31.8% in June

Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) was the target of a large decline in short interest in June. As of June 15th, there was short interest totalling 1,500 shares, a decline of 31.8% from the May 31st total of 2,200 shares. Based on an average daily volume of 4,900 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cable Car Capital LLC acquired a new position in shares of Welsbach Technology Metals Acquisition in the 4th quarter worth $3,224,000. Robinson Capital Management LLC purchased a new position in Welsbach Technology Metals Acquisition in the 4th quarter worth about $676,000. K2 Principal Fund L.P. acquired a new stake in Welsbach Technology Metals Acquisition during the 4th quarter worth about $112,000. Finally, Tidal Investments LLC lifted its stake 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 valued at $390,000 after buying an additional 1,100 shares in the last quarter. Institutional investors own 48.61% of the company’s stock.

Welsbach Technology Metals Acquisition Price Performance

WTMA stock opened at $11.09 on Friday. Welsbach Technology Metals Acquisition has a 12 month low of $10.51 and a 12 month high of $11.68. The firm has a 50 day simple moving average of $11.03 and a 200 day simple moving average of $10.91.

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.