byNordic Acquisition Co. (NASDAQ:BYNO) Short Interest Down 60.0% in October

byNordic Acquisition Co. (NASDAQ:BYNO) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 400 shares, a drop of 60.0% from the September 30th total of 1,000 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 7,100 shares, the short-interest ratio is currently 0.1 days.

byNordic Acquisition Stock Down 0.1 %

Shares of NASDAQ:BYNO traded down $0.01 during midday trading on Monday, reaching $11.39. The company’s stock had a trading volume of 3,198 shares, compared to its average volume of 22,814. The firm has a 50 day moving average price of $11.41 and a two-hundred day moving average price of $11.32. byNordic Acquisition has a fifty-two week low of $10.78 and a fifty-two week high of $12.51.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BYNO. Berkley W R Corp boosted its holdings in byNordic Acquisition by 832.0% in the first quarter. Berkley W R Corp now owns 405,461 shares of the company’s stock worth $4,499,000 after acquiring an additional 361,957 shares in the last quarter. Wolverine Asset Management LLC lifted its holdings 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 worth $4,050,000 after purchasing an additional 8,886 shares in the last quarter. Logan Stone Capital LLC bought a new position in shares of byNordic Acquisition in the 2nd quarter worth $1,215,000. Spartan Fund Management Inc. acquired a new stake in byNordic Acquisition in the 2nd quarter valued at $966,000. Finally, K2 Principal Fund L.P. bought a new stake in byNordic Acquisition during the 2nd quarter valued at $646,000. 32.91% of the stock is owned by institutional investors.

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.