Tio Tech A (NASDAQ:TIOA – Get Rating) saw a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 1,100 shares, a decline of 82.8% from the August 15th total of 6,400 shares. Based on an average trading volume of 44,900 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On Tio Tech A

A number of hedge funds and other institutional investors have recently modified their holdings of TIOA. Marshall Wace LLP raised its position in Tio Tech A by 8.2% during the 4th quarter. Marshall Wace LLP now owns 980,917 shares of the company's stock valued at $9,493,000 after purchasing an additional 74,228 shares during the last quarter. Syquant Capital Sas bought a new position in Tio Tech A during the 1st quarter valued at approximately $5,874,000. Basso Capital Management L.P. raised its position in Tio Tech A by 14.6% during the 1st quarter. Basso Capital Management L.P. now owns 584,657 shares of the company's stock valued at $5,724,000 after purchasing an additional 74,302 shares during the last quarter. Millennium Management LLC raised its position in Tio Tech A by 178.5% during the 2nd quarter. Millennium Management LLC now owns 484,353 shares of the company's stock valued at $4,732,000 after purchasing an additional 310,443 shares during the last quarter. Finally, Saba Capital Management L.P. raised its position in Tio Tech A by 2.1% during the 1st quarter. Saba Capital Management L.P. now owns 424,053 shares of the company's stock valued at $4,151,000 after purchasing an additional 8,848 shares during the last quarter. Institutional investors own 55.39% of the company's stock.

Tio Tech A Stock Performance

Shares of NASDAQ TIOA remained flat at $9.86 during midday trading on Thursday. The stock had a trading volume of 3,067 shares, compared to its average volume of 44,401. Tio Tech A has a 12 month low of $9.64 and a 12 month high of $9.97. The company's 50 day simple moving average is $9.82 and its two-hundred day simple moving average is $9.79.

Tio Tech A Company Profile

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Tio Tech A does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Berlin, Germany.

Further Reading

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