TMT Acquisition Corp (NASDAQ:TMTC) Short Interest Update

TMT Acquisition Corp (NASDAQ:TMTC) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 300 shares, a drop of 72.7% from the September 30th total of 1,100 shares. Based on an average trading volume of 26,400 shares, the short-interest ratio is currently 0.0 days.

TMT Acquisition Trading Up 1.2 %

NASDAQ TMTC traded up $0.14 during trading hours on Friday, reaching $11.39. 9,875 shares of the company’s stock traded hands, compared to its average volume of 40,597. TMT Acquisition has a 52-week low of $10.46 and a 52-week high of $11.65. The firm has a 50-day simple moving average of $11.17 and a 200 day simple moving average of $11.03.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TMTC. Berkley W R Corp lifted its position in TMT Acquisition by 1,292.6% during the 1st quarter. Berkley W R Corp now owns 341,870 shares of the company’s stock valued at $3,656,000 after acquiring an additional 317,321 shares during the period. Shaolin Capital Management LLC purchased a new stake in TMT Acquisition in the first quarter worth about $2,405,000. Mizuho Securities USA LLC raised its stake in shares of TMT Acquisition by 354.4% in the first quarter. Mizuho Securities USA LLC now owns 258,917 shares of the company’s stock worth $2,752,000 after buying an additional 201,931 shares during the period. Sandia Investment Management LP purchased a new position in shares of TMT Acquisition during the 1st quarter valued at about $1,336,000. Finally, K2 Principal Fund L.P. purchased a new stake in TMT Acquisition in the 1st quarter worth approximately $1,158,000. 88.31% of the stock is owned by hedge funds and other 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.