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

TMC the metals company Inc. (NASDAQ:TMCWW) was the recipient of a large drop in short interest in October. As of October 31st, there was short interest totalling 1,900 shares, a drop of 85.5% from the October 15th total of 13,100 shares. Based on an average trading volume of 42,100 shares, the short-interest ratio is currently 0.0 days.

TMC the metals Stock Performance

Shares of TMCWW stock traded up $0.01 during mid-day trading on Wednesday, hitting $0.08. The company’s stock had a trading volume of 17,333 shares, compared to its average volume of 63,074. TMC the metals has a 52 week low of $0.04 and a 52 week high of $0.32. The company’s fifty day simple moving average is $0.08 and its 200-day simple moving average is $0.13.

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.