byNordic Acquisition Co. (NASDAQ:BYNO – Get Free Report) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 200 shares, an increase of 100.0% from the June 15th total of 100 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 6,200 shares, the short-interest ratio is presently 0.0 days.
Hedge Funds Weigh In On byNordic Acquisition
Institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC bought a new stake in shares of byNordic Acquisition in the 1st quarter valued at approximately $240,000. Robinson Capital Management LLC bought a new position in shares of byNordic Acquisition in the 1st quarter worth about $241,000. Virtu Financial LLC acquired a new position in shares of byNordic Acquisition in the 1st quarter valued at about $249,000. Atalaya Capital Management LP acquired a new position in shares of byNordic Acquisition in the 4th quarter valued at about $1,001,000. Finally, Walleye Trading LLC bought a new stake in shares of byNordic Acquisition during the 3rd quarter valued at about $1,343,000. Institutional investors and hedge funds own 32.91% of the company’s stock.
byNordic Acquisition Price Performance
NASDAQ BYNO remained flat at $11.30 on Friday. The company’s stock had a trading volume of 1,038 shares, compared to its average volume of 2,511. The firm’s 50-day moving average is $11.23 and its 200-day moving average is $11.12. byNordic Acquisition has a 52-week low of $10.58 and a 52-week high of $12.12.
About byNordic Acquisition
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.
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