TMC the metals company Inc. (NASDAQ:TMCWW) Short Interest Down 56.2% in January

TMC the metals company Inc. (NASDAQ:TMCWW) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 11,300 shares, a drop of 56.2% from the December 31st total of 25,800 shares. Based on an average daily volume of 94,700 shares, the short-interest ratio is presently 0.1 days.

TMC the metals Stock Performance

Shares of NASDAQ:TMCWW traded down $0.00 during midday trading on Friday, hitting $0.15. The company’s stock had a trading volume of 58,191 shares, compared to its average volume of 170,920. The business’s 50 day simple moving average is $0.10 and its 200 day simple moving average is $0.10. TMC the metals has a 12-month low of $0.04 and a 12-month high of $0.32.

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.