Technology & Telecommunication Acquisition Co. (NASDAQ:TETE – Get Free Report) saw short interest increase significantly in March. As of March 15th, short interest totaled 1,800 shares, an increase of 63.6% from the February 29th total of 1,100 shares. Based on average daily volume of 13,800 shares, the short interest ratio is currently 0.1 days. Approximately 0.1% of the company's shares are sold short.
Technology and Telecommunications Acquisition Inventory +0.1%
Technology Telecommunications Acquisition stock rose $0.01 during Friday trading, hitting $11.69. The company's trading volume was 62,100 shares, and its average volume was 8,488 shares. The company's 50 day moving average is $11.60 and its 200 day moving average is $11.49. Technology & Telecommunications Acquisition has a 52-week low of $10.53 and a 52-week high of $12.25.
Institutional transactions for technology and telecommunications acquisitions
Large investors have recently added to or reduced their stakes in the business. Glazer Capital LLC grew its holdings in the Technology & Telecommunications Acquisitions sector by 4.4% in the 4th quarter. Glazer Capital LLC now owns 1,036,929 shares of the company's stock valued at $10,675,000 after purchasing an additional 43,956 shares during the last quarter. Saba Capital Management LP bought a new stake in shares of Technology & Telecommunication Acquisition in the 1st quarter valued at $6,474,000. Millennium Management LLC grew its holdings in the Technology & Telecommunications Acquisitions sector by 43.9% in the 2nd quarter. Millennium Management LLC now owns 535,365 shares of the company's stock valued at $5,354,000 after acquiring an additional 163,375 shares during the last quarter. Starboard Value LP purchased a new stake in Technology & Telecommunication Acquisition in the 1st quarter valued at approximately $4,544,000. Finally, Wolverine Asset Management LLC grew its position in Technology & Telecommunications Acquisitions by 52.6% during the 4th quarter. Wolverine Asset Management LLC now owns 336,717 shares of the company's stock valued at $3,876,000 after purchasing an additional 116,077 shares during the period. 45.39% of the stock is held by institutional investors.
About technology and communications acquisitions
(Get Free Report)
Technology & Telecommunication Acquisition Corporation has no significant operations. It focuses on effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more companies or entities. The company was founded in 2021 and is headquartered in Kuala Lumpur, Malaysia.
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