TMT Acquisition Corp (NASDAQ:TMTCR) Short Interest Up 318.2% in March

TMT Acquisition Corp (NASDAQ:TMTCR) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 4,600 shares, a growth of 318.2% from the February 29th total of 1,100 shares. Based on an average daily trading volume, of 8,200 shares, the short-interest ratio is presently 0.6 days.

TMT Acquisition Price Performance

Shares of NASDAQ:TMTCR remained flat at $0.18 during midday trading on Thursday. The stock had a trading volume of 2,021 shares, compared to its average volume of 14,798. TMT Acquisition has a 1 year low of $0.14 and a 1 year high of $1.88. The stock’s 50 day moving average price is $0.19 and its 200 day moving average price is $0.24.

Hedge Funds Weigh In On TMT Acquisition

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mangrove Partners acquired a new stake in shares of TMT Acquisition in the 2nd quarter worth $190,000. Hudson Bay Capital Management LP acquired a new position in shares of TMT Acquisition during the 2nd quarter worth approximately $91,000. Rivernorth Capital Management LLC acquired a new position in TMT Acquisition in the second quarter valued at approximately $73,000. Polar Asset Management Partners Inc. acquired a new position in TMT Acquisition during the second quarter worth $61,000. Finally, Walleye Capital LLC purchased a new stake in shares of TMT Acquisition during the second quarter worth $34,000.

TMT Acquisition Company Profile

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.