TMT Acquisition Corp (NASDAQ:TMTC - Get Free Report) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 300 shares, a decline 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 presently 0.0 days.
Hedge Funds Weigh In On TMT Acquisition
Several large investors have recently made changes to their positions in the company. CVI Holdings LLC acquired a new position in TMT Acquisition during the second quarter worth $692,000. K2 Principal Fund L.P. purchased a new stake in shares of TMT Acquisition during the first quarter worth $1,158,000. Sandia Investment Management LP purchased a new position in TMT Acquisition in the 1st quarter worth approximately $1,336,000. Shaolin Capital Management LLC acquired a new stake in shares of TMT Acquisition in the first quarter valued at approximately $2,405,000. Finally, Mizuho Securities USA LLC boosted its stake in TMT Acquisition by 354.4% during 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 last quarter. 88.31% of the stock is currently owned by institutional investors and hedge funds.
TMT Acquisition Price Performance
TMTC traded up $0.25 during midday trading on Friday, hitting $11.50. 17,666 shares of the company were exchanged, compared to its average volume of 40,657. TMT Acquisition has a 1-year low of $10.46 and a 1-year high of $12.60. The company's 50 day simple moving average is $11.18 and its 200 day simple moving average is $11.03.
TMT Acquisition Company Profile
(
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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.
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