Tio Tech A (NASDAQ:TIOA) Short Interest Down 40.0% in May

Tio Tech A (NASDAQ:TIOAGet Rating) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 900 shares, a decline of 40.0% from the April 30th total of 1,500 shares. Based on an average daily trading volume, of 20,100 shares, the days-to-cover ratio is currently 0.0 days.

Several institutional investors and hedge funds have recently modified their holdings of TIOA. Marshall Wace LLP grew its position in shares of Tio Tech A by 8.2% in the fourth 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 in the last quarter. Falcon Edge Capital LP purchased a new position in shares of Tio Tech A in the third quarter valued at $5,814,000. Syquant Capital Sas purchased a new position in shares of Tio Tech A in the first quarter valued at $5,874,000. Basso Capital Management L.P. grew its position in shares of Tio Tech A by 14.6% in the first 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 in the last quarter. Finally, D. E. Shaw & Co. Inc. grew its position in shares of Tio Tech A by 527.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 520,256 shares of the company’s stock valued at $5,036,000 after purchasing an additional 437,280 shares in the last quarter. Hedge funds and other institutional investors own 46.79% of the company’s stock.

Shares of TIOA opened at $9.74 on Friday. The stock’s fifty day moving average price is $9.79 and its two-hundred day moving average price is $9.75. Tio Tech A has a 1 year low of $9.59 and a 1 year high of $9.97.

Tio Tech A Company Profile (Get Rating)

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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