Technology & Telecommunication Acquisition Co. (NASDAQ:TETE) Short Interest Update

Technology & Telecommunication Acquisition Co. (NASDAQ:TETE) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 1,700 shares, an increase of 30.8% from the August 15th total of 1,300 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 20,200 shares, the short-interest ratio is currently 0.1 days.

Technology & Telecommunication Acquisition Stock Performance

Shares of TETE stock traded up $0.08 during midday trading on Friday, hitting $11.35. 401 shares of the company were exchanged, compared to its average volume of 937. Technology & Telecommunication Acquisition has a 52 week low of $10.10 and a 52 week high of $12.25. The firm’s 50 day moving average price is $11.21 and its two-hundred day moving average price is $10.88.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Shaolin Capital Management LLC raised its holdings in Technology & Telecommunication Acquisition by 10.6% during the fourth quarter. Shaolin Capital Management LLC now owns 730,000 shares of the company’s stock worth $7,515,000 after buying an additional 70,000 shares during the last quarter. Citigroup Inc. acquired a new position in Technology & Telecommunication Acquisition during the fourth quarter worth $1,115,000. First Trust Capital Management L.P. raised its holdings in Technology & Telecommunication Acquisition by 191.8% during the fourth quarter. First Trust Capital Management L.P. now owns 908,919 shares of the company’s stock worth $9,357,000 after buying an additional 597,447 shares during the last quarter. State Street Corp acquired a new position in Technology & Telecommunication Acquisition during the second quarter worth $112,000. Finally, Centiva Capital LP acquired a new position in Technology & Telecommunication Acquisition during the second quarter worth $105,000. 38.82% of the stock is owned by institutional investors.

Technology & Telecommunication Acquisition Company Profile

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