TMT Acquisition Corp (NASDAQ:TMTC) Short Interest Update

TMT Acquisition Corp (NASDAQ:TMTC) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,900 shares, a drop of 45.7% from the March 31st total of 3,500 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 45,600 shares, the short-interest ratio is currently 0.0 days.

TMT Acquisition Price Performance

Shares of TMT Acquisition stock remained flat at $10.84 on Friday. 4 shares of the stock were exchanged, compared to its average volume of 18,221. The firm’s 50-day moving average price is $10.74 and its 200 day moving average price is $10.61. TMT Acquisition has a 52-week low of $10.10 and a 52-week high of $10.88.

Institutional Trading of TMT Acquisition

Several large investors have recently bought and sold shares of the stock. Robinson Capital Management LLC acquired a new stake in TMT Acquisition during the 3rd quarter valued at approximately $209,000. TrueMark Investments LLC acquired a new stake in TMT Acquisition during the 4th quarter valued at approximately $222,000. ADAR1 Capital Management LLC acquired a new stake in TMT Acquisition during the 4th quarter valued at approximately $530,000. Mizuho Securities USA LLC acquired a new position in shares of TMT Acquisition in the 4th quarter valued at $597,000. Finally, Shaolin Capital Management LLC acquired a new position in shares of TMT Acquisition in the 3rd quarter valued at $627,000. Hedge funds and other institutional investors own 88.31% of the company’s stock.

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.