Technology & Telecommunication Acquisition Co. (NASDAQ:TETE … – MarketBeat

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Technology & Telecommunication Acquisition Co. (NASDAQ:TETEGet Rating) was the target of a large increase in short interest in December. As of December 30th, there was short interest totalling 2,000 shares, an increase of 25.0% from the December 15th total of 1,600 shares. Based on an average daily volume of 26,900 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Trading of Technology & Telecommunication Acquisition

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A number of institutional investors and hedge funds have recently bought and sold shares of the company. Weiss Asset Management LP increased its stake in Technology & Telecommunication Acquisition by 2.2% during the 3rd quarter. Weiss Asset Management LP now owns 230,500 shares of the company’s stock valued at $2,332,000 after purchasing an additional 5,000 shares in the last quarter. State Street Corp increased its stake in Technology & Telecommunication Acquisition by 29.5% during the 3rd quarter. State Street Corp now owns 14,500 shares of the company’s stock valued at $146,000 after purchasing an additional 3,300 shares in the last quarter. Polar Asset Management Partners Inc. increased its stake in Technology & Telecommunication Acquisition by 4.7% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 555,850 shares of the company’s stock valued at $5,614,000 after purchasing an additional 25,050 shares in the last quarter. First Trust Capital Management L.P. bought a new stake in shares of Technology & Telecommunication Acquisition in the third quarter worth approximately $3,146,000. Finally, Shaolin Capital Management LLC grew its stake in shares of Technology & Telecommunication Acquisition by 14.8% in the third quarter. Shaolin Capital Management LLC now owns 660,000 shares of the company’s stock worth $6,666,000 after acquiring an additional 85,000 shares during the period. 60.80% of the stock is currently owned by institutional investors.

Technology & Telecommunication Acquisition Stock Up 0.2 %

NASDAQ:TETE traded up $0.02 on Friday, reaching $10.35. 607 shares of the stock traded hands, compared to its average volume of 63,742. Technology & Telecommunication Acquisition has a 12 month low of $9.88 and a 12 month high of $10.96. The company’s fifty day simple moving average is $10.28 and its 200 day simple moving average is $10.16.

Technology & Telecommunication Acquisition Company Profile

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Technology & Telecommunication Acquisition Corporation focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to acquire companies in the technology and telecommunications sector in Malaysia.

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