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

byNordic Acquisition Co. (NASDAQ:BYNO) was the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 2,500 shares, a growth of 733.3% from the July 31st total of 300 shares. Based on an average trading volume of 9,900 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Berkley W R Corp grew its position in byNordic Acquisition by 832.0% in the 1st quarter. Berkley W R Corp now owns 405,461 shares of the company’s stock valued at $4,499,000 after acquiring an additional 361,957 shares in the last quarter. Wolverine Asset Management LLC grew its holdings in shares of 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 purchasing an additional 8,886 shares in the last quarter. Logan Stone Capital LLC acquired a new stake in byNordic Acquisition during the 2nd quarter worth approximately $1,215,000. Atalaya Capital Management LP purchased a new position in byNordic Acquisition in the 4th quarter valued at approximately $1,001,000. Finally, Spartan Fund Management Inc. acquired a new position in byNordic Acquisition during the 2nd quarter worth $966,000. 32.91% of the stock is currently owned by hedge funds and other institutional investors.

byNordic Acquisition Stock Up 0.2 %

NASDAQ:BYNO opened at $11.39 on Wednesday. byNordic Acquisition has a fifty-two week low of $10.69 and a fifty-two week high of $12.51. The company has a 50 day moving average price of $11.39 and a 200 day moving average price of $11.22.

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.