Keyarch Acquisition Co. (NASDAQ:KYCH – Get Rating) was the target of a large growth in short interest in December. As of December 30th, there was short interest totalling 5,500 shares, a growth of 5.8% from the December 15th total of 5,200 shares. Based on an average daily trading volume, of 9,100 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KYCH. Tuttle Capital Management LLC acquired a new position in Keyarch Acquisition in the 2nd quarter valued at about $93,000. Sage Mountain Advisors LLC raised its stake in Keyarch Acquisition by 1,239.7% in the 2nd quarter. Sage Mountain Advisors LLC now owns 16,210 shares of the company's stock valued at $159,000 after purchasing an additional 15,000 shares during the last quarter. Taconic Capital Advisors LP acquired a new position in Keyarch Acquisition in the 3rd quarter valued at about $299,000. Karpus Management Inc. acquired a new position in Keyarch Acquisition in the 3rd quarter valued at about $481,000. Finally, Goldman Sachs Group Inc. acquired a new position in Keyarch Acquisition in the 1st quarter valued at about $629,000. Institutional investors and hedge funds own 64.38% of the company's stock.

Keyarch Acquisition Stock Performance

Keyarch Acquisition stock opened at $10.17 on Wednesday. Keyarch Acquisition has a 52 week low of $9.64 and a 52 week high of $10.45. The firm's 50-day simple moving average is $10.11 and its 200 day simple moving average is $9.97.

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

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