Technology & Telecommunication Acquisition Co. (NASDAQ:TETE – Get Rating ) was the target of a large increase in short interest in December. As of December 30th, there was a short interest of 2,000 shares, an increase of 25.0% from the December 15th total of 1,600 shares. Based on the daily volume of 26,900 shares, the ratio of days to cover is 0.1 days. Currently, 0.0% of the company’s stock is short term.
Institutional Trading of Technology & Telecommunication Acquisition
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Weiss Asset Management LP grew its stake in Technology & Telecommunication Acquisition by 2.2% in the third quarter. Weiss Asset Management LP now owns 230,500 shares of the company’s stock valued at $2,332,000 after buying an additional 5,000 shares in the last quarter. State Street Corp boosted its stake in Technology & Telecommunication Acquisition by 29.5% in the third quarter. State Street Corp now owns 14,500 shares of the company’s stock valued at $146,000 after purchasing an additional 3,300 shares in the last quarter. Polar Asset Management Partners Inc. increased its stake in Technology & Telecommunication Acquisition by 4.7% during the third quarter. Polar Asset Management Partners Inc. now owns 555,850 shares of the company’s stock valued at $5,614,000 after buying an additional 25,050 shares in the last quarter. First Trust Capital Management LP purchased a new stake in shares of Technology & Telecommunication Acquisition in the third quarter worth approximately $3,146,000. Finally, Shaolin Capital Management LLC grew its stake in Technology & Telecommunication Acquisition by 14.8% in the third quarter. Shaolin Capital Management LLC now owns 660,000 shares of the company’s stock valued at $6,666,000 after acquiring an additional 85,000 shares during the period. 60.80% of the stock is currently owned by investors.
Technology & Telecommunication Acquisition Stock Up 0.2%
NASDAQ:TETE traded up $0.02 on Friday, reaching $10.35. 607 shares of the stock traded hands, compared to its volume of 63,742. Technology & Telecommunication Acquisition has a 12-month low of $9.88 and a 12-month high of $10.96. The fifty day moving average is $10.28 and the 200 day moving average is $10.16.
Company Profile for Technology & Telecommunication Acquisition
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Technology & Telecommunication Acquisition Corporation engages in mergers, share exchanges, acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses or entities. It wants to find companies in the technology and telecommunications sector in Malaysia.
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