byNordic Acquisition Co. (NASDAQ:BYNO) Sees Significant Decline in Short Interest

byNordic Acquisition Co. (NASDAQ:BYNO) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 100 shares, a drop of 75.0% from the October 15th total of 400 shares. Based on an average trading volume of 6,900 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

byNordic Acquisition Trading Down 0.1 %

Shares of BYNO stock traded down $0.01 during trading hours on Thursday, hitting $11.42. 100,460 shares of the company’s stock were exchanged, compared to its average volume of 24,842. byNordic Acquisition has a 12-month low of $10.86 and a 12-month high of $12.51. The business’s 50 day simple moving average is $11.41 and its 200-day simple moving average is $11.35.

Institutional Trading of byNordic Acquisition

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Robinson Capital Management LLC purchased a new position in byNordic Acquisition during the 1st quarter valued at $241,000. Berkley W R Corp grew its holdings in shares of byNordic Acquisition by 832.0% during the 1st quarter. Berkley W R Corp now owns 405,461 shares of the company’s stock worth $4,499,000 after acquiring an additional 361,957 shares during the period. Tidal Investments LLC bought a new stake in shares of byNordic Acquisition during the first quarter valued at approximately $240,000. Virtu Financial LLC bought a new stake in shares of byNordic Acquisition during the 1st quarter valued at $249,000. Finally, Spartan Fund Management Inc. bought a new stake in shares of byNordic Acquisition in the 2nd quarter worth approximately $966,000. Institutional investors own 32.91% of the company’s stock.

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.