Tio Tech A (NASDAQ:TIOA) Short Interest Up 100.0% in December

Tio Tech A (NASDAQ:TIOA – Get Rating) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 5,200 shares, a growth of 100.0% from the November 30th total of 2,600 shares. Currently, 0.0% of the company’s stock is sold short. Based on an average trading volume of 79,300 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On Tio Tech A

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Westchester Capital Management LLC acquired a new position in shares of Tio Tech A during the third quarter worth $2,457,000. Saba Capital Management LP raised its position in shares of Tio Tech A by 45.5% during the 3rd quarter. Saba Capital Management LP now owns 708,718 shares of the company’s stock worth $7,020,000 after acquiring an additional 221,665 shares in the last quarter. Luxor Capital Group LP purchased a new stake in Tio Tech A during the third quarter worth approximately $755,000. Marshall Wace LLP boosted its holdings in Tio Tech A by 1.8% in the third quarter. Marshall Wace LLP now owns 1,036,112 shares of the company’s stock valued at $10,247,000 after purchasing an additional 17,941 shares in the last quarter. Finally, First Trust Capital Management LP purchased a new position in Tio Tech A in the third quarter valued at approximately $962,000. 60.46% of the stock is owned by institutional investors and hedge funds.

Ice Tech A Stock Performance

Shares of NASDAQ TIOA opened at $10.06 on Thursday. The stock’s 50-day moving average is $10.00 and its two-hundred day moving average is $9.89. Tio Tech A has a 1-year low of $9.64 and a 1-year high of $10.07.

Ice 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.

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