Short Interest in byNordic Acquisition Co. (NASDAQ:BYNO) Declines By 97.0%

Posted by Trevor Kearing on Jun 28th, 2024

byNordic Acquisition Co. (NASDAQ:BYNO – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 100 shares, a drop of 97.0% from the May 31st total of 3,300 shares. Based on an average daily volume of 14,400 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On byNordic Acquisition

Several large investors have recently added to or reduced their stakes in BYNO. Walleye Capital LLC purchased a new stake in byNordic Acquisition in the 3rd quarter worth about $2,989,000. Walleye Trading LLC bought a new position in byNordic Acquisition in the 3rd quarter worth about $1,343,000. Wolverine Asset Management LLC boosted its stake in byNordic Acquisition by 16.9% in the 4th quarter. Wolverine Asset Management LLC now owns 159,796 shares of the company’s stock worth $1,750,000 after purchasing an additional 23,109 shares during the period. Atalaya Capital Management LP bought a new position in byNordic Acquisition in the 4th quarter worth about $1,001,000. Finally, Robinson Capital Management LLC bought a new stake in shares of byNordic Acquisition during the 1st quarter valued at about $241,000. Hedge funds and other institutional investors own 32.91% of the company’s stock.

byNordic Acquisition Price Performance

Shares of BYNO opened at $11.23 on Friday. The business has a 50-day moving average of $11.20 and a 200 day moving average of $11.09. byNordic Acquisition has a fifty-two week low of $10.58 and a fifty-two week high of $12.12.

byNordic Acquisition Company Profile

(Get Free Report)

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.