BYTE Acquisition Corp. (NASDAQ:BYTS – Get Rating) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 5,800 shares, an increase of 7.4% from the November 15th total of 5,400 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 158,100 shares, the days-to-cover ratio is presently 0.0 days.
Institutional Investors Weigh In On BYTE Acquisition
Several hedge funds have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its stake in shares of BYTE Acquisition by 6.6% in the 2nd quarter. Millennium Management LLC now owns 1,598,218 shares of the company's stock valued at $15,710,000 after acquiring an additional 99,244 shares during the last quarter. BNP Paribas Arbitrage SNC purchased a new position in BYTE Acquisition during the 3rd quarter valued at about $9,262,000. Marshall Wace LLP increased its holdings in BYTE Acquisition by 0.9% during the 3rd quarter. Marshall Wace LLP now owns 1,304,416 shares of the company's stock valued at $12,914,000 after purchasing an additional 11,690 shares during the period. Glazer Capital LLC increased its holdings in BYTE Acquisition by 24.6% during the 3rd quarter. Glazer Capital LLC now owns 1,146,026 shares of the company's stock valued at $11,346,000 after purchasing an additional 225,994 shares during the period. Finally, Bank of Montreal Can increased its holdings in BYTE Acquisition by 351.9% during the 2nd quarter. Bank of Montreal Can now owns 385,240 shares of the company's stock valued at $3,806,000 after purchasing an additional 300,000 shares during the period. Institutional investors own 58.90% of the company's stock.
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BYTE Acquisition Trading Down 0.1 %
Shares of NASDAQ BYTS opened at $10.06 on Monday. BYTE Acquisition has a fifty-two week low of $9.66 and a fifty-two week high of $10.08. The stock has a fifty day moving average of $9.99 and a 200-day moving average of $9.90.
BYTE Acquisition Company Profile
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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.
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