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

byNordic Acquisition Co. (NASDAQ:BYNO) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 400 shares, a drop of 60.0% from the September 30th total of 1,000 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 7,100 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of byNordic Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP acquired a new position in shares of byNordic Acquisition during the second quarter valued at approximately $82,000. Warberg Asset Management LLC acquired a new position in shares of byNordic Acquisition during the 2nd quarter valued at $134,000. Robinson Capital Management LLC bought a new stake in shares of byNordic Acquisition in the 1st quarter worth $241,000. Tidal Investments LLC acquired a new stake in shares of byNordic Acquisition in the first quarter valued at $240,000. Finally, Virtu Financial LLC acquired a new position in byNordic Acquisition during the first quarter worth about $249,000. 32.91% of the stock is currently owned by institutional investors.

byNordic Acquisition Price Performance

Shares of NASDAQ BYNO traded down $0.03 during midday trading on Friday, reaching $11.40. 5,300 shares of the company traded hands, compared to its average volume of 22,980. The stock has a 50-day moving average price of $11.41 and a 200 day moving average price of $11.32. byNordic Acquisition has a 52 week low of $10.76 and a 52 week high of $12.51.

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.