BYTE 收购公司（纳斯达克股票代码：BYTS）空头利率在1月份下降了24.3％

BYTE Acquisition Corp. (NASDAQ:BYTS – Get Rating) saw a large decrease in short interest in January. As of January 31st, there was short interest totalling 2,800 shares, a decrease of 24.3% from the January 15th total of 3,700 shares. Based on an average daily trading volume, of 200,600 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

BYTE Acquisition Stock Down 0.3 %

BYTS traded down $0.03 on Wednesday, hitting $10.17. The company's stock had a trading volume of 25,022 shares, compared to its average volume of 161,444. The company's 50 day simple moving average is $10.11 and its 200-day simple moving average is $9.99. BYTE Acquisition has a 12 month low of $9.67 and a 12 month high of $10.74.

Hedge Funds Weigh In On BYTE Acquisition

Large investors have recently modified their holdings of the company. First Trust Capital Management L.P. bought a new stake in shares of BYTE Acquisition in the 4th quarter worth approximately $19,797,000. Meteora Capital LLC purchased a new position in shares of BYTE Acquisition during the 4th quarter valued at $17,655,000. BNP Paribas Arbitrage SNC bought a new stake in BYTE Acquisition in the 3rd quarter worth approximately $9,262,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of BYTE Acquisition during the 4th quarter valued at approximately $12,096,000. Finally, Glazer Capital LLC raised its holdings in shares of BYTE Acquisition by 61.9% in the fourth quarter. Glazer Capital LLC now owns 1,855,494 shares of the company's stock worth $18,703,000 after buying an additional 709,468 shares during the period. 66.40% of the stock is owned by hedge funds and other institutional investors.

About BYTE Acquisition

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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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