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

Technology & Telecommunication Acquisition Co. (NASDAQ:TETE) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,800 shares, an increase of 63.6% from the February 29th total of 1,100 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 13,800 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Technology & Telecommunication Acquisition

A number of institutional investors have recently modified their holdings of the stock. State Street Corp grew its stake in shares of Technology & Telecommunication Acquisition by 29.5% in the third quarter. State Street Corp now owns 14,500 shares of the company’s stock worth $146,000 after acquiring an additional 3,300 shares during the last quarter. Wolverine Asset Management LLC lifted its holdings in shares of Technology & Telecommunication Acquisition by 4.1% during the third quarter. Wolverine Asset Management LLC now owns 220,640 shares of the company’s stock valued at $2,504,000 after purchasing an additional 8,736 shares in the last quarter. Quarry LP lifted its holdings in shares of Technology & Telecommunication Acquisition by 7.4% during the fourth quarter. Quarry LP now owns 140,033 shares of the company’s stock valued at $1,612,000 after purchasing an additional 9,604 shares in the last quarter. Centiva Capital LP bought a new position in shares of Technology & Telecommunication Acquisition during the second quarter valued at $105,000. Finally, Mizuho Securities USA LLC lifted its holdings in shares of Technology & Telecommunication Acquisition by 6.2% during the fourth quarter. Mizuho Securities USA LLC now owns 245,631 shares of the company’s stock valued at $2,800,000 after purchasing an additional 14,297 shares in the last quarter. 45.39% of the stock is owned by hedge funds and other institutional investors.

Technology & Telecommunication Acquisition Price Performance

TETE stock traded up $0.01 during midday trading on Friday, hitting $11.69. The stock had a trading volume of 62,100 shares, compared to its average volume of 8,488. The business has a 50-day moving average of $11.60 and a two-hundred day moving average of $11.49. Technology & Telecommunication Acquisition has a 52-week low of $10.53 and a 52-week high of $12.25.

About Technology & Telecommunication Acquisition

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.