Short Interest in TMT Acquisition Corp (NASDAQ:TMTC) Grows By 18,833.3%

TMT Acquisition Corp (NASDAQ:TMTC) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 56,800 shares, a growth of 18,833.3% from the October 15th total of 300 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily volume of 38,600 shares, the days-to-cover ratio is currently 1.5 days.

TMT Acquisition Stock Down 2.8 %

TMTC stock opened at $7.77 on Wednesday. TMT Acquisition has a 12 month low of $5.60 and a 12 month high of $12.60. The firm’s 50-day moving average is $10.53 and its 200 day moving average is $10.83.

Hedge Funds Weigh In On TMT Acquisition

A number of hedge funds have recently added to or reduced their stakes in the stock. CVI Holdings LLC bought a new stake in shares of TMT Acquisition during the second quarter valued at approximately $692,000. Cowen AND Company LLC raised its position in TMT Acquisition by 5.3% during the 2nd quarter. Cowen AND Company LLC now owns 288,701 shares of the company’s stock valued at $3,170,000 after purchasing an additional 14,623 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of TMT Acquisition by 5.9% in the 2nd 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 during the period. Berkley W R Corp increased its stake in shares of TMT Acquisition by 1,292.6% during the first quarter. Berkley W R Corp now owns 341,870 shares of the company’s stock valued at $3,656,000 after buying an additional 317,321 shares during the period. Finally, Mizuho Securities USA LLC increased its stake in shares of TMT Acquisition by 60.3% during the third quarter. Mizuho Securities USA LLC now owns 600,677 shares of the company’s stock valued at $6,728,000 after buying an additional 226,071 shares during the period. 88.31% of the stock is currently owned by institutional investors.

About TMT Acquisition

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.