byNordic Acquisition Co. (NASDAQ:BYNO – Get Free Report) was the recipient of a significant 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,900 shares, the days-to-cover ratio is presently 0.0 days.
byNordic Acquisition Stock Performance
Shares of BYNO traded up $0.04 during midday trading on Tuesday, reaching $11.43. The stock had a trading volume of 124,209 shares, compared to its average volume of 22,924. byNordic Acquisition has a one year low of $10.85 and a one year high of $12.51. The firm has a 50 day simple moving average of $11.40 and a 200-day simple moving average of $11.34.
Hedge Funds Weigh In On byNordic Acquisition
Large investors have recently modified their holdings of the company. K2 Principal Fund L.P. purchased a new stake in shares of byNordic Acquisition during the 2nd quarter valued at about $646,000. Tidal Investments LLC acquired a new position in byNordic Acquisition during the 1st quarter worth about $240,000. Spartan Fund Management Inc. purchased a new position in byNordic Acquisition during the 2nd quarter worth approximately $966,000. Virtu Financial LLC purchased a new stake in byNordic Acquisition during the first quarter worth about $249,000. Finally, Logan Stone Capital LLC acquired a new position in byNordic Acquisition in the second quarter valued at $1,215,000. 32.91% of the stock is currently 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.
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