Keyarch Acquisition Co. (NASDAQ:KYCH) Short Interest Update

Keyarch Acquisition Co. (NASDAQ:KYCH – Get Rating) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totalling 400 shares, a decline of 42.9% from the April 30th total of 700 shares. Based on an average trading volume of 23,400 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Keyarch Acquisition

Several large investors have recently made changes to their positions in KYCH. Goldman Sachs Group Inc. purchased a new stake in Keyarch Acquisition during the first quarter worth $629,000. Fir Tree Capital Management LP purchased a new stake in shares of Keyarch Acquisition in the first quarter valued at about $1,958,000. Saba Capital Management L.P. purchased a new position in Keyarch Acquisition during the first quarter worth about $3,269,000. Radcliffe Capital Management L.P. purchased a new position in shares of Keyarch Acquisition in the first quarter valued at approximately $2,048,000. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of Keyarch Acquisition in the first quarter valued at approximately $2,925,000. 64.38% of the stock is owned by hedge funds and other institutional investors.

Keyarch Acquisition Price Performance

NASDAQ:KYCH opened at $10.39 on Friday. Keyarch Acquisition has a twelve month low of $9.74 and a twelve month high of $10.84. The company’s 50 day moving average is $10.35 and its two-hundred day moving average is $10.22.

About Keyarch Acquisition

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Keyarch Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on disruptive technology and innovative services companies worldwide.