byNordic Acquisition Co. (NASDAQ:BYNO) Sees Large Increase in Short Interest

byNordic Acquisition Co. (NASDAQ:BYNO) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 9,400 shares, a growth of 9,300.0% from the October 31st total of 100 shares. Based on an average daily volume of 13,000 shares, the days-to-cover ratio is currently 0.7 days. Approximately 1.0% of the shares of the company are short sold.

Institutional Trading of byNordic Acquisition

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC grew its stake in shares of byNordic Acquisition by 2.5% in the 2nd quarter. Wolverine Asset Management LLC now owns 358,738 shares of the company’s stock valued at $4,050,000 after purchasing an additional 8,886 shares during the period. Logan Stone Capital LLC acquired a new stake in shares of byNordic Acquisition in the 2nd quarter valued at $1,215,000. Spartan Fund Management Inc. bought a new stake in shares of byNordic Acquisition in the 2nd quarter worth about $966,000. K2 Principal Fund L.P. acquired a new stake in shares of byNordic Acquisition during the 2nd quarter worth about $646,000. Finally, Clear Street LLC lifted its holdings in byNordic Acquisition by 133.1% during the 2nd quarter. Clear Street LLC now owns 36,124 shares of the company’s stock valued at $408,000 after purchasing an additional 20,630 shares during the last quarter. Institutional investors own 32.91% of the company’s stock.

byNordic Acquisition Price Performance

Shares of BYNO stock opened at $11.43 on Thursday. The stock has a fifty day moving average price of $11.41 and a 200 day moving average price of $11.37. byNordic Acquisition has a one year low of $10.87 and a one year 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.