Technology & Telecommunication Acquisition (TETE) Short Interest Ratio & Short Volume

Short interest is the volume of Technology & Telecommunication Acquisition shares that have been sold short but have not yet been closed out or covered. As of June 15th, investors have sold 100 shares of TETE short. Learn More on Technology & Telecommunication Acquisition's current short interest.

Technology & Telecommunication Acquisition saw a drop in short interest during the month of June. As of June 15th, there was short interest totaling 100 shares, a drop of 91.7% from the previous total of 1,200 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Technology & Telecommunication Acquisition currently has issued a total of 5,980,000 shares. Some of Technology & Telecommunication Acquisition's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Technology & Telecommunication Acquisition currently has a public float of 6,380,000 shares.

Here is how the short interest of companies in the industry of "business services" compare to Technology & Telecommunication Acquisition: MultiPlan Co. (6.92%), 8x8, Inc. (5.19%), trivago (0.56%), Resources Connection, Inc. (1.82%), Nutex Health Inc. (1.67%), Tucows Inc. (9.99%), TSS, Inc. (0.87%), Akso Health Group (0.04%), HireQuest, Inc. (2.37%), Lightbridge Co. (16.01%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Canadian Natural Resources Limited ($5.04 billion), T-Mobile US, Inc. ($4.49 billion), Charter Communications, Inc. ($3.25 billion), Moderna, Inc. ($3.02 billion), General Motors ($2.91 billion), Royal Caribbean Cruises Ltd. ($2.37 billion), Cencora, Inc. ($2.19 billion), Tractor Supply ($1.82 billion), Williams-Sonoma, Inc. ($1.72 billion), and Enphase Energy, Inc. ($1.61 billion). View all of the most shorted stocks.

Short selling TETE is an investing strategy that aims to generate trading profit from Technology & Telecommunication Acquisition as its price is falling. TETE shares are trading up $0.29 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Technology & Telecommunication Acquisition occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of TETE, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including TETE, twice per month. The most recent reporting period available is June, 15 2024.