Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) Sees Large Drop in Short Interest

Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 1,500 shares, a drop of 31.8% from the May 31st total of 2,200 shares. Based on an average daily trading volume, of 4,900 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Cable Car Capital LLC bought a new position in shares of Welsbach Technology Metals Acquisition during the fourth quarter worth $3,224,000. Robinson Capital Management LLC raised its stake in Welsbach Technology Metals Acquisition by 1.7% during the 1st quarter. Robinson Capital Management LLC now owns 64,046 shares of the company’s stock worth $702,000 after buying an additional 1,100 shares during the period. Tidal Investments LLC lifted its holdings 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 acquiring an additional 1,100 shares in the last quarter. Finally, K2 Principal Fund L.P. acquired a new position in Welsbach Technology Metals Acquisition in the fourth quarter valued at about $112,000. Institutional investors and hedge funds own 48.61% of the company’s stock.

Welsbach Technology Metals Acquisition Stock Performance

Welsbach Technology Metals Acquisition stock opened at $11.09 on Friday. The business has a 50-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.

Welsbach Technology Metals Acquisition Company Profile

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.