New stock in the portfolioThe rsi is down an ceo i think board for 10$ mil. shares we also have a gap to close. Gl im new so dont buy sell on my recom.
TMC trade ideas
TMCThe stock has been in a tremendous tailspin the last two weeks. TMC the metals company Inc (NASDAQ:TMC) has seen a bevy of selling bring the stock to fresh new lows for the year and created the opportunity of a potential big short squeeze in the coming days due to its high rate of short interest relative to its float. It was over $15 on Sept 13th and closed on Friday at $5.11. We could see a sharp rally out of these extreme oversold conditions.
TMC the metals company Option CallsTMC the metals company had extreme volatility in the past week.
But that`s not all! The stock is one of the most traded in the options market.
TMC had 26900K Calls and only 1600 Puts in the last 3 trading days with the highest strike price at 20usd.
Now take into consideration the PUBLIC FLOAT, which is only 19.87Mil shares,
the FLOAT SHORTED of 9.37%, the Average Volume of 16,190,133 and you have yourself a runner!
$TMC Harmonic Patterns$TMC short interest is $44M
3.57M shares shorted
1.80 % SI% of Float
1.76 % S3 SI% Float
23.57 % fee
Shares shorted down -144K shs, worth $2M, -3.89 %, over the last week.
Shorts down -$948K in 2021 mark-to-market losses;
including +$8M on today's -20.76 % move.
TMC the metals company Inc. engages in exploring of battery metals from seafloor polymetallic nodules. The company, through its subsidiaries, holds exploration and commercial rights to three contract areas, which host polymetallic nodules containing nickel, copper, cobalt, and manganese in the Clarion Clipperton Zone of the Pacific Ocean. The company is based in Vancouver, Canada.
