OceanTech Acquisitions I (NASDAQ:OTEC) Trading Down 0.1%

OceanTech Acquisitions I Corp. (NASDAQ:OTEC – Get Rating) shares were down 0.1% during mid-day trading on Thursday . The company traded as low as $10.07 and last traded at $10.07. Approximately 8,995 shares were traded during trading, a decline of 59% from the average daily volume of 22,046 shares. The stock had previously closed at $10.08.

The stock has a fifty day simple moving average of $10.05 and a 200-day simple moving average of $10.01.

Institutional investors have recently made changes to their positions in the stock. UBS Group AG acquired a new stake in OceanTech Acquisitions I in the 3rd quarter valued at approximately $36,000. Graham Capital Wealth Management LLC acquired a new stake in OceanTech Acquisitions I in the 4th quarter valued at approximately $167,000. Crestline Management LP acquired a new stake in OceanTech Acquisitions I in the 3rd quarter valued at approximately $198,000. Schonfeld Strategic Advisors LLC acquired a new stake in OceanTech Acquisitions I in the 3rd quarter valued at approximately $198,000. Finally, OTA Financial Group L.P. increased its position in shares of OceanTech Acquisitions I by 20.2% during the 4th quarter. OTA Financial Group L.P. now owns 28,525 shares of the company’s stock worth $284,000 after purchasing an additional 4,785 shares during the last quarter. 56.19% of the stock is currently owned by institutional investors and hedge funds.

About OceanTech Acquisitions I (NASDAQ:OTEC)

OceanTech Acquisitions I Corp., a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization/similar business combination with one/more businesses. The company was incorporated in 2021 and is based in New York, New York.

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