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

Posted by Linda Flegge on Nov 27th, 2024

byNordic Acquisition Co. (NASDAQ:BYNO – Get Free Report) saw a significant growth in short interest during the month of 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 short-interest ratio is currently 0.7 days. Approximately 1.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On byNordic Acquisition

Several hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in byNordic Acquisition in the third quarter valued at about $201,000. Quarry LP bought a new position in byNordic Acquisition in the second quarter valued at about $82,000. Logan Stone Capital LLC bought a new position in byNordic Acquisition in the second quarter valued at about $1,215,000. K2 Principal Fund L.P. bought a new position in byNordic Acquisition in the second quarter valued at about $646,000. Finally, Clear Street LLC boosted its holdings in byNordic Acquisition by 133.1% in the second quarter. Clear Street LLC now owns 36,124 shares of the company’s stock valued at $408,000 after acquiring an additional 20,630 shares during the last quarter. Institutional investors own 32.91% of the company’s stock.

byNordic Acquisition Stock Performance

Shares of BYNO stock remained flat at $11.43 during trading hours on Wednesday. The stock had a trading volume of 59 shares, compared to its average volume of 28,757. The company has a 50 day moving average price of $11.41 and a 200-day moving average price of $11.37. byNordic Acquisition has a 12 month low of $10.86 and a 12 month high of $12.51.

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.