TMT Acquisition Corp (NASDAQ:TMTC) Short Interest Update

TMT Acquisition Corp (NASDAQ:TMTC) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 3,900 shares, a growth of 25.8% from the August 31st total of 3,100 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 22,000 shares, the short-interest ratio is currently 0.2 days.

TMT Acquisition Stock Up 0.1 %

Shares of TMTC stock traded up $0.01 during mid-day trading on Friday, reaching $11.24. The stock had a trading volume of 1,007 shares, compared to its average volume of 42,177. The business’s fifty day moving average is $11.12 and its 200-day moving average is $10.96. TMT Acquisition has a 1-year low of $10.43 and a 1-year high of $11.25.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Gabelli Funds LLC acquired a new stake in TMT Acquisition during the fourth quarter worth about $1,229,000. Oaktree Capital Management LP grew its holdings in TMT Acquisition by 133.3% during the fourth quarter. Oaktree Capital Management LP now owns 175,000 shares of the company’s stock worth $1,845,000 after acquiring an additional 100,000 shares during the period. Bulldog Investors LLP grew its holdings in TMT Acquisition by 19.0% during the fourth quarter. Bulldog Investors LLP now owns 118,291 shares of the company’s stock worth $1,242,000 after acquiring an additional 18,914 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in TMT Acquisition during the fourth quarter worth about $993,000. Finally, Cowen AND Company LLC grew its holdings in TMT Acquisition by 5.3% in the second quarter. Cowen AND Company LLC now owns 288,701 shares of the company’s stock valued at $3,170,000 after purchasing an additional 14,623 shares during the period. 88.31% of the stock is owned by institutional investors and hedge funds.

TMT Acquisition Company Profile

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.