BYTE Acquisition Corp. (NASDAQ:BYTS – Get Rating) shares fell 0.2% on Wednesday . The company traded as low as $10.44 and last traded at $10.50. 16,231 shares were traded during mid-day trading, a decline of 76% from the average session volume of 68,076 shares. The stock had previously closed at $10.52.
BYTE Acquisition Price Performance
The stock has a fifty day simple moving average of $10.21 and a two-hundred day simple moving average of $10.13.
Institutional Investors Weigh In On BYTE Acquisition
Institutional investors have recently modified their holdings of the company. Glazer Capital LLC raised its holdings in BYTE Acquisition by 24.6% in the 3rd quarter. Glazer Capital LLC now owns 1,146,026 shares of the company’s stock valued at $11,346,000 after acquiring an additional 225,994 shares during the last quarter. Periscope Capital Inc. grew its stake in shares of BYTE Acquisition by 355.7% during the 3rd quarter. Periscope Capital Inc. now owns 227,835 shares of the company’s stock valued at $2,256,000 after buying an additional 177,835 shares during the period. Virtu Financial LLC purchased a new stake in shares of BYTE Acquisition during the 3rd quarter valued at $414,000. Boothbay Fund Management LLC purchased a new stake in shares of BYTE Acquisition during the 4th quarter valued at $5,028,000. Finally, Berkley W R Corp grew its stake in shares of BYTE Acquisition by 439.2% during the 4th quarter. Berkley W R Corp now owns 133,327 shares of the company’s stock valued at $1,344,000 after buying an additional 108,600 shares during the period. Hedge funds and other institutional investors own 66.40% of the company’s stock.
BYTE Acquisition Company Profile
BYTE Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus its search for targets in the Israeli technology industry, including cybersecurity, automotive technology, fintech, enterprise software, cloud computing, semiconductors, medical technology, artificial intelligence, and robotics.
- Get a free copy of the StockNews.com research report on BYTE Acquisition (BYTS)
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