Short Interest in TMC the metals company Inc. (NASDAQ:TMCWW) Rises By 84.0%

TMC the metals company Inc. (NASDAQ:TMCWW) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 18,400 shares, an increase of 84.0% from the February 28th total of 10,000 shares. Based on an average daily volume of 105,700 shares, the short-interest ratio is presently 0.2 days.

TMC the metals Stock Performance

Shares of TMC the metals stock opened at $0.19 on Friday. TMC the metals has a 1 year low of $0.04 and a 1 year high of $0.32. The company has a 50 day simple moving average of $0.20 and a two-hundred day simple moving average of $0.12.

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.