Keyarch Acquisition Co. (NASDAQ:KYCH – Get Rating) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 5,000 shares, a decrease of 9.1% from the December 31st total of 5,500 shares. Based on an average trading volume of 18,200 shares, the short-interest ratio is presently 0.3 days.

Keyarch Acquisition Stock Performance

KYCH stock opened at $10.18 on Monday. Keyarch Acquisition has a 52-week low of $9.64 and a 52-week high of $10.45. The company has a 50-day moving average of $10.12 and a two-hundred day moving average of $9.99.

Institutional Investors Weigh In On Keyarch Acquisition

A number of hedge funds have recently bought and sold shares of KYCH. Calamos Advisors LLC bought a new stake in Keyarch Acquisition during the fourth quarter valued at about $5,055,000. Shaolin Capital Management LLC bought a new stake in shares of Keyarch Acquisition in the third quarter valued at about $4,884,000. Saba Capital Management L.P. bought a new stake in shares of Keyarch Acquisition in the first quarter valued at about $3,269,000. Polar Asset Management Partners Inc. bought a new stake in shares of Keyarch Acquisition in the first quarter valued at about $2,925,000. Finally, Yakira Capital Management Inc. bought a new stake in shares of Keyarch Acquisition in the second quarter valued at about $2,900,000. 64.38% of the stock is currently owned by institutional investors.

About Keyarch Acquisition

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.

Further Reading

• Get a free copy of the StockNews.com research report on Keyarch Acquisition (KYCH)
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