BYTE Acquisition Corp. (NASDAQ:BYTS) Short Interest Up 106.7% in December

BYTE Acquisition Corp. (NASDAQ:BYTS) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 6,200 shares, an increase of 106.7% from the December 15th total of 3,000 shares. Based on an average trading volume of 17,500 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

Hedge funds have recently made changes to their positions in the business. Radcliffe Capital Management L.P. bought a new position in BYTE Acquisition in the second quarter valued at approximately $1,448,000. CNH Partners LLC bought a new position in BYTE Acquisition in the second quarter valued at approximately $964,000. CVI Holdings LLC bought a new position in shares of BYTE Acquisition during the second quarter worth $5,790,000. Whitebox Advisors LLC bought a new position in shares of BYTE Acquisition during the second quarter worth $578,000. Finally, Linden Advisors LP bought a new position in shares of BYTE Acquisition during the second quarter worth $19,300,000. 52.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of BYTS stock opened at $9.73 on Friday. BYTE Acquisition has a 52-week low of $9.60 and a 52-week high of $10.11. The firm’s 50 day moving average price is $9.76 and its two-hundred day moving average price is $9.71.

BYTE Acquisition Company Profile

BYTE Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was founded in 2021 and is based in New York, New York.

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