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

byNordic Acquisition Co. (NASDAQ:BYNO) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 300 shares, a growth of 200.0% from the July 15th total of 100 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 7,300 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of byNordic Acquisition

Several institutional investors and hedge funds have recently added to or reduced their stakes in BYNO. Wolverine Asset Management LLC grew its position in byNordic Acquisition by 2.5% in the second quarter. Wolverine Asset Management LLC now owns 358,738 shares of the company’s stock worth $4,050,000 after buying an additional 8,886 shares during the last quarter. Warberg Asset Management LLC acquired a new position in shares of byNordic Acquisition in the 2nd quarter worth $134,000. Clear Street LLC raised its position in shares of byNordic Acquisition by 133.1% during the second quarter. Clear Street LLC now owns 36,124 shares of the company’s stock worth $408,000 after purchasing an additional 20,630 shares during the period. Robinson Capital Management LLC purchased a new stake in shares of byNordic Acquisition during the first quarter valued at $241,000. Finally, Tidal Investments LLC acquired a new position in shares of byNordic Acquisition in the 1st quarter valued at $240,000. 32.91% of the stock is owned by institutional investors and hedge funds.

byNordic Acquisition Stock Performance

Shares of NASDAQ:BYNO traded down $0.17 during trading hours on Wednesday, hitting $11.53. 353 shares of the company’s stock traded hands, compared to its average volume of 26,164. The company’s fifty day simple moving average is $11.34 and its two-hundred day simple moving average is $11.19. byNordic Acquisition has a 52 week low of $10.63 and a 52 week 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.