TMT Acquisition Corp (NASDAQ:TMTC) Short Interest Update

TMT Acquisition Corp (NASDAQ:TMTC) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 3,900 shares, an increase of 25.8% from the August 31st total of 3,100 shares. Based on an average daily volume of 22,000 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On TMT Acquisition

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CVI Holdings LLC purchased a new position in shares of TMT Acquisition in the second quarter valued at approximately $692,000. Cowen AND Company LLC lifted its position in shares of TMT Acquisition by 5.3% in the second quarter. Cowen AND Company LLC now owns 288,701 shares of the company’s stock valued at $3,170,000 after acquiring an additional 14,623 shares in the last quarter. Wolverine Asset Management LLC lifted its position in TMT Acquisition by 5.9% during the second quarter. Wolverine Asset Management LLC now owns 359,231 shares of the company’s stock worth $3,944,000 after buying an additional 20,000 shares in the last quarter. Shaolin Capital Management LLC purchased a new position in TMT Acquisition during the first quarter worth approximately $2,405,000. Finally, Berkley W R Corp lifted its position in TMT Acquisition by 1,292.6% during the first quarter. Berkley W R Corp now owns 341,870 shares of the company’s stock worth $3,656,000 after buying an additional 317,321 shares in the last quarter. Hedge funds and other institutional investors own 88.31% of the company’s stock.

TMT Acquisition Stock Up 0.1 %

TMTC traded up $0.01 during trading on Friday, hitting $11.24. The company’s stock had a trading volume of 1,007 shares, compared to its average volume of 42,177. TMT Acquisition has a twelve month low of $10.43 and a twelve month high of $11.25. The business’s fifty day simple moving average is $11.12 and its 200 day simple moving average is $10.96.

TMT Acquisition Company Profile

TMT Acquisition Corp does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.