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

byNordic Acquisition Co. (NASDAQ:BYNO) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 400 shares, a decline of 84.0% from the August 15th total of 2,500 shares. Based on an average trading volume of 8,800 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

byNordic Acquisition Stock Performance

Shares of BYNO traded down $0.02 during midday trading on Friday, hitting $11.38. The stock had a trading volume of 1,083 shares, compared to its average volume of 12,222. The company has a 50 day simple moving average of $11.42 and a two-hundred day simple moving average of $11.25. byNordic Acquisition has a twelve month low of $10.74 and a twelve month high of $12.51.

Institutional Trading of byNordic Acquisition

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP acquired a new stake in shares of byNordic Acquisition in the second quarter valued at about $82,000. Warberg Asset Management LLC acquired a new stake in shares of byNordic Acquisition in the second quarter valued at about $134,000. Robinson Capital Management LLC acquired a new stake in shares of byNordic Acquisition in the first quarter valued at about $241,000. Tidal Investments LLC acquired a new stake in shares of byNordic Acquisition in the first quarter valued at about $240,000. Finally, Virtu Financial LLC acquired a new stake in shares of byNordic Acquisition in the first quarter valued at about $249,000. Institutional investors and hedge funds 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.