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

byNordic Acquisition Co. (NASDAQ:BYNO) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 100 shares, a decrease of 75.0% from the October 15th total of 400 shares. Based on an average trading volume of 6,900 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On byNordic Acquisition

Several hedge funds and other institutional investors have recently made changes to their positions in the business. K2 Principal Fund L.P. purchased a new stake in shares of byNordic Acquisition in the 2nd quarter valued at approximately $646,000. Tidal Investments LLC acquired a new position in byNordic Acquisition during the first quarter worth $240,000. Spartan Fund Management Inc. bought a new stake in shares of byNordic Acquisition in the second quarter valued at about $966,000. Virtu Financial LLC bought a new position in shares of byNordic Acquisition in the first quarter worth about $249,000. Finally, Logan Stone Capital LLC acquired a new stake in byNordic Acquisition during the 2nd quarter valued at approximately $1,215,000. Institutional investors and hedge funds own 32.91% of the company’s stock.

byNordic Acquisition Stock Up 0.4 %

byNordic Acquisition stock traded up $0.04 during midday trading on Tuesday, hitting $11.43. 124,209 shares of the company were exchanged, compared to its average volume of 22,924. byNordic Acquisition has a fifty-two week low of $10.85 and a fifty-two week high of $12.51. The business has a fifty day simple moving average of $11.40 and a two-hundred day simple moving average of $11.34.

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.