Technology & Telecommunication Acquisition Co. (NASDAQ:TETE) Sees Large Decrease in Short Interest

Technology & Telecommunication Acquisition Co. (NASDAQ:TETE) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totalling 100 shares, a decline of 91.7% from the May 31st total of 1,200 shares. Based on an average trading volume of 21,200 shares, the days-to-cover ratio is presently 0.0 days.

Technology & Telecommunication Acquisition Trading Up 0.5 %

Technology & Telecommunication Acquisition stock traded up $0.06 during mid-day trading on Friday, hitting $11.95. The company had a trading volume of 200 shares, compared to its average volume of 20,350. The stock’s 50 day moving average price is $11.91 and its two-hundred day moving average price is $11.69. Technology & Telecommunication Acquisition has a 12 month low of $10.89 and a 12 month high of $12.25.

Institutional Investors Weigh In On Technology & Telecommunication Acquisition

Hedge funds have recently added to or reduced their stakes in the stock. Shaolin Capital Management LLC raised its stake in shares of Technology & Telecommunication Acquisition by 175.0% in the third quarter. Shaolin Capital Management LLC now owns 300,000 shares of the company’s stock worth $3,405,000 after purchasing an additional 700,000 shares during the last quarter. Wolverine Asset Management LLC raised its stake in shares of Technology & Telecommunication Acquisition by 52.6% in the fourth quarter. Wolverine Asset Management LLC now owns 336,717 shares of the company’s stock worth $3,876,000 after purchasing an additional 116,077 shares during the last quarter. SkyView Investment Advisors LLC raised its stake in shares of Technology & Telecommunication Acquisition by 25.1% in the first quarter. SkyView Investment Advisors LLC now owns 124,705 shares of the company’s stock worth $1,458,000 after purchasing an additional 25,000 shares during the last quarter. Mizuho Securities USA LLC raised its stake in shares of Technology & Telecommunication Acquisition by 6.2% in the fourth quarter. Mizuho Securities USA LLC now owns 245,631 shares of the company’s stock worth $2,800,000 after purchasing an additional 14,297 shares during the last quarter. Finally, Quarry LP raised its stake in shares of Technology & Telecommunication Acquisition by 7.4% in the fourth quarter. Quarry LP now owns 140,033 shares of the company’s stock worth $1,612,000 after purchasing an additional 9,604 shares during the last quarter. 45.39% of the stock is owned by institutional investors.

Technology & Telecommunication Acquisition Company Profile

Technology & Telecommunication Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. Technology & Telecommunication Acquisition Corporation was incorporated in 2021 and is headquartered in Kuala Lumpur, Malaysia.