Technology & Telecommunication Acquisition (TETE) Short Interest Ratio & Short Volume

Short interest is the volume of Technology & Telecommunication Acquisition shares that have been sold short but have not yet been covered or closed out. As of May 15th, traders have sold 1,100 shares of TETE short. 0.02% of Technology & Telecommunication Acquisition's shares are currently sold short. Learn More on Technology & Telecommunication Acquisition's current short interest.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.02% of Technology & Telecommunication Acquisition's floating shares are currently sold short.

Technology & Telecommunication Acquisition saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 1,100 shares, a decline of 52.2% from the previous total of 2,300 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Technology & Telecommunication Acquisition currently has issued a total of 6,384,000 shares. Some of Technology & Telecommunication Acquisition's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Technology & Telecommunication Acquisition currently has a public float of 6,380,000 shares.

0.02% of Technology & Telecommunication Acquisition's shares are currently sold short. Here is how the short interest of companies in the industry of "holding & other investment offices" compare to Technology & Telecommunication Acquisition: LAMF Global Ventures Corp. I (0.53%), TortoiseEcofin Acquisition Corp. III (0.00%), Patria Latin American Opportunity Acquisition Corp. (0.01%), Spring Valley Acquisition Corp. II (0.02%), Cartesian Growth Co. II (0.02%), Concord Acquisition Corp II (0.15%), Investcorp Europe Acquisition Corp I (0.08%), SDCL EDGE Acquisition Co. (0.03%), Keen Vision Acquisition Co. (0.05%), Gores Holdings IX, Inc. (0.02%),

As of the most recent reporting period, the following stocks had the largest short interest positions: T-Mobile US, Inc. ($3.81 billion), Charter Communications, Inc. ($3.30 billion), Occidental Petroleum Co. ($3.10 billion), General Motors ($2.84 billion), Moderna, Inc. ($2.77 billion), AppLovin Co. ($2.22 billion), Royal Caribbean Cruises Ltd. ($2.22 billion), Coinbase Global, Inc. ($2.16 billion), Tractor Supply ($2.12 billion), and Williams-Sonoma, Inc. ($2.12 billion). View all of the most shorted stocks.

Short selling TETE is an investing strategy that aims to generate trading profit from Technology & Telecommunication Acquisition as its price is falling. TETE shares are trading up $0.04 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Technology & Telecommunication Acquisition occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of TETE, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including TETE, twice per month. The most recent reporting period available is May, 15 2024.