TMT Acquisition Corp (NASDAQ:TMTC) Short Interest Down 72.7% in October

TMT Acquisition Corp (NASDAQ:TMTC) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 300 shares, a decline of 72.7% from the September 30th total of 1,100 shares. Based on an average daily volume of 26,400 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Berkley W R Corp lifted its stake in shares of TMT Acquisition by 1,292.6% in the first quarter. Berkley W R Corp now owns 341,870 shares of the company’s stock worth $3,656,000 after acquiring an additional 317,321 shares during the period. Shaolin Capital Management LLC bought a new position in TMT Acquisition during the 1st quarter worth approximately $2,405,000. Mizuho Securities USA LLC lifted its holdings in TMT Acquisition by 354.4% in the first quarter. Mizuho Securities USA LLC now owns 258,917 shares of the company’s stock worth $2,752,000 after buying an additional 201,931 shares during the period. Sandia Investment Management LP bought a new position in shares of TMT Acquisition during the first quarter valued at $1,336,000. Finally, K2 Principal Fund L.P. purchased a new position in shares of TMT Acquisition during the first quarter valued at approximately $1,158,000. Institutional investors and hedge funds own 88.31% of the company’s stock.

TMT Acquisition Stock Up 2.2 %

TMT Acquisition stock traded up $0.25 during mid-day trading on Friday, hitting $11.50. The company’s stock had a trading volume of 17,666 shares, compared to its average volume of 40,657. The firm’s 50 day moving average is $11.18 and its 200 day moving average is $11.03. TMT Acquisition has a 52-week low of $10.46 and a 52-week 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.