TMT Acquisition Corp (NASDAQ:TMTC) Sees Significant Growth in Short Interest

TMT Acquisition Corp (NASDAQ:TMTC) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 56,800 shares, an increase of 18,833.3% from the October 15th total of 300 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 38,600 shares, the short-interest ratio is presently 1.5 days.

TMT Acquisition Stock Performance

Shares of TMTC stock traded down $0.76 on Tuesday, reaching $7.23. The stock had a trading volume of 740 shares, compared to its average volume of 43,300. TMT Acquisition has a 1 year low of $5.60 and a 1 year high of $12.60. The company has a 50 day simple moving average of $10.53 and a 200 day simple moving average of $10.83.

Institutional Trading of TMT Acquisition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mizuho Securities USA LLC grew its holdings in TMT Acquisition by 60.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 600,677 shares of the company’s stock valued at $6,728,000 after buying an additional 226,071 shares in the last quarter. CVI Holdings LLC purchased a new stake in TMT Acquisition during the second quarter valued at $692,000. Cowen AND Company LLC grew its stake in shares of TMT Acquisition by 5.3% in the 2nd quarter. Cowen AND Company LLC now owns 288,701 shares of the company’s stock worth $3,170,000 after buying an additional 14,623 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in shares of TMT Acquisition by 5.9% in the 2nd quarter. Wolverine Asset Management LLC now owns 359,231 shares of the company’s stock worth $3,944,000 after buying an additional 20,000 shares during the last quarter. Finally, Shaolin Capital Management LLC purchased a new stake in shares of TMT Acquisition during the 1st quarter valued at about $2,405,000. 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.