TMT Acquisition Corp (NASDAQ:TMTC) Short Interest Up 18,833.3% in October

TMT Acquisition Corp (NASDAQ:TMTC) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 56,800 shares, a growth of 18,833.3% from the October 15th total of 300 shares. Approximately 0.9% of the shares of the company are short sold. Based on an average trading volume of 38,600 shares, the days-to-cover ratio is presently 1.5 days.

Hedge Funds Weigh In On TMT Acquisition

Hedge funds have recently bought and sold shares of the company. Cowen AND Company LLC raised its position in shares of TMT Acquisition by 5.3% during the 2nd quarter. Cowen AND Company LLC now owns 288,701 shares of the company’s stock valued at $3,170,000 after buying an additional 14,623 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings in 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 period. CVI Holdings LLC bought a new stake in shares of TMT Acquisition during the 2nd quarter valued at about $692,000. K2 Principal Fund L.P. purchased a new stake in TMT Acquisition in the first quarter worth $1,158,000. Finally, Sandia Investment Management LP bought a new position in shares of TMT Acquisition during the first quarter valued at approximately $1,336,000. Hedge funds and other institutional investors own 88.31% of the company’s stock.

TMT Acquisition Trading Down 6.2 %

TMTC opened at $7.29 on Thursday. The company’s 50-day moving average price is $10.46 and its two-hundred day moving average price is $10.81. TMT Acquisition has a twelve month low of $5.60 and a twelve month high of $12.60.

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.