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TKB Critical Technologies 1 (NASDAQ:USCT) Sees Significant Decrease in Short Interest

kopsource ·  Feb 11, 2023 12:12

TKB Critical Technologies 1 (NASDAQ:USCT – Get Rating) was the recipient of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 200 shares, a decline of 97.7% from the January 15th total of 8,700 shares. Based on an average trading volume of 98,700 shares, the short-interest ratio is currently 0.0 days.

TKB Critical Technologies 1 Stock Up 0.8 %

USCT stock opened at $10.54 on Friday. TKB Critical Technologies 1 has a one year low of $9.91 and a one year high of $11.04. The company has a 50 day moving average price of $10.34 and a two-hundred day moving average price of $10.21.

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Institutional Trading of TKB Critical Technologies 1

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can acquired a new position in shares of TKB Critical Technologies 1 in the 1st quarter valued at $250,000. Virtu Financial LLC acquired a new position in shares of TKB Critical Technologies 1 in the 3rd quarter valued at $329,000. Mizuho Securities USA LLC acquired a new position in shares of TKB Critical Technologies 1 in the 4th quarter valued at $373,000. Prelude Capital Management LLC acquired a new position in shares of TKB Critical Technologies 1 in the 1st quarter valued at $403,000. Finally, Walleye Trading LLC acquired a new position in shares of TKB Critical Technologies 1 during the 1st quarter valued at $450,000. 73.02% of the stock is owned by hedge funds and other institutional investors.

TKB Critical Technologies 1 Company Profile

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TKB Critical Technologies 1 does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. The company focuses on businesses in the advanced manufacturing, artificial intelligence, automation, data security, energy storage and power management, financial technology, industrial software, Internet of Things, microelectronics, robotics, and wireless communications equipment sectors.

Further Reading

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