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

byNordic Acquisition Co. (NASDAQ:BYNO) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 100 shares, a decline of 50.0% from the June 30th total of 200 shares. Based on an average daily trading volume, of 6,900 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of byNordic Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atalaya Capital Management LP bought a new stake in shares of byNordic Acquisition in the 4th quarter valued at $1,001,000. Wolverine Asset Management LLC grew its holdings in byNordic Acquisition by 16.9% during the 4th quarter. Wolverine Asset Management LLC now owns 159,796 shares of the company’s stock worth $1,750,000 after acquiring an additional 23,109 shares during the period. Tidal Investments LLC acquired a new position in shares of byNordic Acquisition in the 1st quarter valued at about $240,000. Virtu Financial LLC bought a new stake in shares of byNordic Acquisition during the 1st quarter valued at about $249,000. Finally, Berkley W R Corp grew its stake in byNordic Acquisition by 832.0% during the first quarter. Berkley W R Corp now owns 405,461 shares of the company’s stock worth $4,499,000 after purchasing an additional 361,957 shares during the period. Institutional investors and hedge funds own 32.91% of the company’s stock.

byNordic Acquisition Price Performance

Shares of BYNO stock opened at $11.36 on Friday. The stock has a 50-day moving average of $11.27 and a 200-day moving average of $11.14. byNordic Acquisition has a 1-year low of $10.59 and a 1-year 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.