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

TMC the metals company Inc. (NASDAQ:TMCWW) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 10,000 shares, a drop of 57.3% from the February 13th total of 23,400 shares. Based on an average daily trading volume, of 111,000 shares, the short-interest ratio is currently 0.1 days.

TMC the metals Trading Up 5.0 %

NASDAQ:TMCWW opened at $0.20 on Thursday. TMC the metals has a 52 week low of $0.04 and a 52 week high of $0.32. The firm has a 50-day moving average price of $0.18 and a two-hundred day moving average price of $0.11.

TMC the metals Company Profile

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.