Short Interest in TMT Acquisition Corp (NASDAQ:TMTC) Drops By 45.7%

TMT Acquisition Corp (NASDAQ:TMTC) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 1,900 shares, a decline of 45.7% from the March 31st total of 3,500 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 45,600 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TMTC. Karpus Management Inc. increased its position in TMT Acquisition by 1.1% in the 3rd quarter. Karpus Management Inc. now owns 796,497 shares of the company’s stock valued at $8,315,000 after acquiring an additional 8,500 shares in the last quarter. Wealthspring Capital LLC increased its holdings in shares of TMT Acquisition by 31.6% in the fourth quarter. Wealthspring Capital LLC now owns 60,160 shares of the company’s stock valued at $633,000 after purchasing an additional 14,450 shares in the last quarter. Bulldog Investors LLP increased its holdings in shares of TMT Acquisition by 19.0% in the fourth quarter. Bulldog Investors LLP now owns 118,291 shares of the company’s stock valued at $1,242,000 after purchasing an additional 18,914 shares in the last quarter. Robinson Capital Management LLC bought a new position in TMT Acquisition in the 3rd quarter worth approximately $209,000. Finally, TrueMark Investments LLC acquired a new position in TMT Acquisition during the 4th quarter worth $222,000. Institutional investors and hedge funds own 88.31% of the company’s stock.

TMT Acquisition Stock Performance

Shares of TMTC stock remained flat at $10.84 during trading hours on Friday. The stock had a trading volume of 4 shares, compared to its average volume of 18,266. TMT Acquisition has a 12 month low of $10.10 and a 12 month high of $10.88. The company has a 50 day moving average price of $10.74 and a 200-day moving average price of $10.61.

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.