Technology & Telecommunication Acquisition Co. (NASDAQ:TETE) Short Interest Down 91.7% in June

Technology & Telecommunication Acquisition Co. (NASDAQ:TETE) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totalling 100 shares, a decline of 91.7% from the May 31st total of 1,200 shares. Based on an average trading volume of 21,200 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Technology & Telecommunication Acquisition

Several institutional investors and hedge funds have recently made changes to their positions in the company. SkyView Investment Advisors LLC grew its stake in Technology & Telecommunication Acquisition by 25.1% during the 1st quarter. SkyView Investment Advisors LLC now owns 124,705 shares of the company’s stock worth $1,458,000 after buying an additional 25,000 shares during the last quarter. Quarry LP grew its stake in Technology & Telecommunication Acquisition by 7.4% during the 4th quarter. Quarry LP now owns 140,033 shares of the company’s stock worth $1,612,000 after buying an additional 9,604 shares during the last quarter. Mizuho Securities USA LLC grew its stake in Technology & Telecommunication Acquisition by 6.2% during the 4th quarter. Mizuho Securities USA LLC now owns 245,631 shares of the company’s stock worth $2,800,000 after buying an additional 14,297 shares during the last quarter. Wolverine Asset Management LLC grew its stake in Technology & Telecommunication Acquisition by 52.6% during the 4th quarter. Wolverine Asset Management LLC now owns 336,717 shares of the company’s stock worth $3,876,000 after buying an additional 116,077 shares during the last quarter. Finally, Shaolin Capital Management LLC grew its stake in Technology & Telecommunication Acquisition by 175.0% during the 3rd quarter. Shaolin Capital Management LLC now owns 300,000 shares of the company’s stock worth $3,405,000 after buying an additional 700,000 shares during the last quarter. 45.39% of the stock is owned by institutional investors and hedge funds.

Technology & Telecommunication Acquisition Stock Performance

Technology & Telecommunication Acquisition stock traded up $0.06 during midday trading on Friday, hitting $11.95. 200 shares of the company were exchanged, compared to its average volume of 20,350. Technology & Telecommunication Acquisition has a fifty-two week low of $10.89 and a fifty-two week high of $12.25. The company’s fifty day moving average price is $11.91 and its 200-day moving average price is $11.69.

Technology & Telecommunication Acquisition Company Profile

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