byNordic Acquisition Co. (NASDAQ:BYNO) Short Interest Update

byNordic Acquisition Co. (NASDAQ:BYNO) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 9,400 shares, a growth of 9,300.0% from the October 31st total of 100 shares. Based on an average daily volume of 13,000 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.0% of the shares of the company are short sold.

byNordic Acquisition Price Performance

byNordic Acquisition stock remained flat at $11.43 during mid-day trading on Wednesday. The company’s stock had a trading volume of 59 shares, compared to its average volume of 28,757. The business has a fifty day moving average of $11.41 and a two-hundred day moving average of $11.37. byNordic Acquisition has a 1 year low of $10.86 and a 1 year high of $12.51.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BYNO. Quarry LP acquired a new position in byNordic Acquisition during the second quarter worth $82,000. Warberg Asset Management LLC acquired a new position in byNordic Acquisition during the second quarter worth $134,000. Virtu Financial LLC acquired a new position in byNordic Acquisition during the third quarter worth $201,000. Tidal Investments LLC acquired a new position in byNordic Acquisition during the first quarter worth $240,000. Finally, Clear Street LLC raised its stake in byNordic Acquisition by 133.1% during the second quarter. Clear Street LLC now owns 36,124 shares of the company’s stock worth $408,000 after acquiring an additional 20,630 shares in the last quarter. 32.91% of the stock is currently owned by institutional investors and hedge funds.

byNordic Acquisition Company Profile

byNordic Acquisition Corporation does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the financial technology sector in Northern Europe. byNordic Acquisition Corporation was incorporated in 2019 and is based in Malmö, Sweden.