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

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

byNordic Acquisition Stock Performance

BYNO stock opened at $11.43 on Friday. The company has a fifty day moving average of $11.41 and a 200-day moving average of $11.37. byNordic Acquisition has a one year low of $10.87 and a one year high of $12.51.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in byNordic Acquisition in the 2nd quarter valued at approximately $82,000. Wolverine Asset Management LLC lifted its holdings in shares of byNordic Acquisition by 2.5% in the 2nd quarter. Wolverine Asset Management LLC now owns 358,738 shares of the company’s stock valued at $4,050,000 after buying an additional 8,886 shares during the period. Warberg Asset Management LLC purchased a new stake in shares of byNordic Acquisition in the second quarter valued at approximately $134,000. Virtu Financial LLC acquired a new position in byNordic Acquisition during the third quarter worth $201,000. Finally, Clear Street LLC raised its position in byNordic Acquisition by 133.1% in 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 owned by hedge funds and other institutional investors.

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.