Keyarch Acquisition Co. (NASDAQ:KYCHW) Short Interest Down 26.7% in March

Keyarch Acquisition Co. (NASDAQ:KYCHW) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 7,700 shares, a drop of 26.7% from the February 29th total of 10,500 shares. Based on an average daily volume of 6,800 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On Keyarch Acquisition

A number of institutional investors have recently bought and sold shares of the business. Radcliffe Capital Management L.P. acquired a new stake in shares of Keyarch Acquisition in the 1st quarter valued at $1,024,000. Polar Asset Management Partners Inc. acquired a new stake in Keyarch Acquisition during the 1st quarter valued at $27,000. Finally, Saba Capital Management L.P. acquired a new stake in Keyarch Acquisition during the 1st quarter valued at $46,000.

Keyarch Acquisition Stock Performance

Shares of Keyarch Acquisition stock opened at $0.05 on Friday. The company’s fifty day simple moving average is $0.03 and its 200-day simple moving average is $0.03. Keyarch Acquisition has a 1 year low of $0.01 and a 1 year high of $0.08.

About Keyarch Acquisition

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