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

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TETE. Shaolin Capital Management LLC boosted its stake in shares of Technology & Telecommunication Acquisition by 175.0% in the 3rd quarter. Shaolin Capital Management LLC now owns 300,000 shares of the company’s stock valued at $3,405,000 after purchasing an additional 700,000 shares during the last quarter. Wolverine Asset Management LLC boosted 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 acquiring an additional 116,077 shares during the last quarter. SkyView Investment Advisors LLC boosted 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 acquiring an additional 25,000 shares during the last quarter. Mizuho Securities USA LLC boosted 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 acquiring an additional 14,297 shares during the last quarter. Finally, Quarry LP boosted 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 acquiring an additional 9,604 shares during the last quarter. Institutional investors own 45.39% of the company’s stock.

Technology & Telecommunication Acquisition Stock Up 0.5 %

Shares of NASDAQ TETE traded up $0.06 during mid-day trading on Friday, hitting $11.95. The company’s stock had a trading volume of 200 shares, compared to its average volume of 20,350. Technology & Telecommunication Acquisition has a one year low of $10.89 and a one year high of $12.25. The company’s fifty day simple moving average is $11.91 and its 200-day simple moving average is $11.69.

About Technology & Telecommunication Acquisition

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.