Welsbach Technology Metals Acquisition Corp. (NASDAQ:WTMA – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 1,300 shares, an increase of 30.0% from the June 30th total of 1,000 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 3,200 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On Welsbach Technology Metals Acquisition

Hedge funds and other institutional investors have recently made changes to their positions in the business. Robinson Capital Management LLC bought a new stake in Welsbach Technology Metals Acquisition during the 4th quarter valued at $676,000. Cable Car Capital LLC bought a new stake in shares of Welsbach Technology Metals Acquisition during the fourth quarter valued at about $3,224,000. K2 Principal Fund L.P. bought a new stake in shares of Welsbach Technology Metals Acquisition during the fourth quarter valued at about $112,000. Finally, Tidal Investments LLC lifted its holdings in Welsbach Technology Metals Acquisition by 3.2% in 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 institutional investors and hedge funds.

Welsbach Technology Metals Acquisition Price Performance

Welsbach Technology Metals Acquisition stock opened at $11.20 on Friday. The firm has a 50-day moving average price of $11.09 and a two-hundred day moving average price of $10.96. Welsbach Technology Metals Acquisition has a 52-week low of $10.51 and a 52-week high of $11.68.

Welsbach Technology Metals Acquisition Company Profile

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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.

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