Shares of OceanTech Acquisitions I Corp. (NASDAQ:OTEC – Get Rating) shot up 0.9% during trading on Tuesday . The company traded as high as $10.80 and last traded at $10.80. 2,202 shares were traded during trading, an increase of 17% from the average session volume of 1,877 shares. The stock had previously closed at $10.70.

OceanTech Acquisitions I Stock Up 0.9 %

The firm's fifty day simple moving average is $10.63 and its two-hundred day simple moving average is $10.43.

Institutional Investors Weigh In On OceanTech Acquisitions I

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OTEC. Marshall Wace LLP lifted its holdings in shares of OceanTech Acquisitions I by 0.6% in the 3rd quarter. Marshall Wace LLP now owns 482,590 shares of the company's stock worth $4,924,000 after acquiring an additional 2,807 shares during the last quarter. Glazer Capital LLC boosted its position in shares of OceanTech Acquisitions I by 13.4% during the third quarter. Glazer Capital LLC now owns 31,866 shares of the company's stock worth $325,000 after buying an additional 3,757 shares during the period. UBS Group AG acquired a new stake in shares of OceanTech Acquisitions I in the second quarter valued at $44,000. Bank of Montreal Can raised its holdings in shares of OceanTech Acquisitions I by 2.3% in the 3rd quarter. Bank of Montreal Can now owns 235,230 shares of the company's stock valued at $2,399,000 after buying an additional 5,230 shares during the period. Finally, Landscape Capital Management L.L.C. raised its holdings in shares of OceanTech Acquisitions I by 18.7% in the 3rd quarter. Landscape Capital Management L.L.C. now owns 38,071 shares of the company's stock valued at $388,000 after buying an additional 5,992 shares during the period. Hedge funds and other institutional investors own 69.41% of the company's stock.

About OceanTech Acquisitions I

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OceanTech Acquisitions I Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization/similar business combination with one/more businesses in the leisure marine, yachting, and superyachting industries. OceanTech Acquisitions I Corp.

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