byNordic Acquisition Co. (NASDAQ:BYNO) Short Interest Down 75.0% in October

byNordic Acquisition Co. (NASDAQ:BYNO) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 100 shares, a drop of 75.0% from the October 15th total of 400 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 6,900 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quarry LP acquired a new position in shares of byNordic Acquisition during the second quarter valued at approximately $82,000. Wolverine Asset Management LLC lifted 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 valued at $4,050,000 after buying an additional 8,886 shares during the last quarter. Warberg Asset Management LLC acquired a new stake in shares of byNordic Acquisition during the second quarter valued at about $134,000. Clear Street LLC increased its holdings in byNordic Acquisition by 133.1% in the 2nd quarter. Clear Street LLC now owns 36,124 shares of the company’s stock valued at $408,000 after purchasing an additional 20,630 shares during the last quarter. Finally, Robinson Capital Management LLC acquired a new position in byNordic Acquisition during the 1st quarter worth about $241,000. Institutional investors own 32.91% of the company’s stock.

byNordic Acquisition Stock Down 0.1 %

Shares of NASDAQ BYNO traded down $0.01 during mid-day trading on Thursday, hitting $11.42. 100,460 shares of the company’s stock traded hands, compared to its average volume of 24,842. The company’s 50-day moving average is $11.41 and its two-hundred day moving average is $11.35. byNordic Acquisition has a 1 year low of $10.86 and a 1 year high of $12.51.

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.