Technology & Telecommunication Acquisition Co. (NASDAQ:TETE) Short Interest Update
Technology & Telecommunication Acquisition Co. (NASDAQ:TETE – Get Free Report) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 1,800 shares, a growth of 63.6% from the February 29th total of 1,100 shares. Based on an average daily volume of 13,800 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.
Hedge Funds Weigh In On Technology & Telecommunication Acquisition
Several large investors have recently bought and sold shares of the stock. Starboard Value LP bought a new position in shares of Technology & Telecommunication Acquisition during the 1st quarter worth approximately $4,544,000. Goldman Sachs Group Inc. purchased a new stake in shares of Technology & Telecommunication Acquisition during the 1st quarter valued at $1,279,000. Saba Capital Management L.P. purchased a new position in shares of Technology & Telecommunication Acquisition in the 1st quarter worth about $6,474,000. Radcliffe Capital Management L.P. bought a new position in Technology & Telecommunication Acquisition during the first quarter valued at about $993,000. Finally, Polar Asset Management Partners Inc. purchased a new stake in Technology & Telecommunication Acquisition during the first quarter worth about $2,490,000. 45.39% of the stock is currently owned by institutional investors.
Technology & Telecommunication Acquisition Stock Up 0.1 %
Shares of NASDAQ TETE traded up $0.01 during mid-day trading on Friday, reaching $11.69. 62,100 shares of the company’s stock traded hands, compared to its average volume of 8,488. The business has a 50-day simple moving average of $11.60 and a 200 day simple moving average of $11.49. Technology & Telecommunication Acquisition has a 1-year low of $10.53 and a 1-year high of $12.25.
About Technology & Telecommunication Acquisition
Technology & Telecommunication Acquisition Corporation does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is headquartered in Kuala Lumpur, Malaysia.
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