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

Posted by Dante Gardener on Jun 29th, 2024

Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA – Get Free Report) saw a significant decline in short interest during the month of 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 trading volume of 4,900 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of Welsbach Technology Metals Acquisition

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Robinson Capital Management LLC purchased a new position in shares of Welsbach Technology Metals Acquisition during the fourth quarter valued at approximately $676,000. K2 Principal Fund L.P. acquired a new position in Welsbach Technology Metals Acquisition in the fourth quarter valued at $112,000. Cable Car Capital LLC purchased a new position in shares of Welsbach Technology Metals Acquisition during the 4th quarter worth about $3,224,000. Finally, Tidal Investments LLC raised 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 worth $390,000 after purchasing an additional 1,100 shares during the period. 48.61% of the stock is currently owned by hedge funds and other institutional investors.

Welsbach Technology Metals Acquisition Price Performance

Shares of Welsbach Technology Metals Acquisition stock remained flat at $11.09 during trading on Friday. The company had a trading volume of 304 shares, compared to its average volume of 8,860. The stock has a fifty day moving average of $11.03 and a 200 day moving average of $10.91. Welsbach Technology Metals Acquisition has a 1 year low of $10.51 and a 1 year high of $11.68.

About Welsbach Technology Metals Acquisition

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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.