Short Interest in byNordic Acquisition Co. (NASDAQ:BYNO) Declines By 97.0%

byNordic Acquisition Co. (NASDAQ:BYNO) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 100 shares, a drop of 97.0% from the May 31st total of 3,300 shares. Based on an average daily trading volume, of 14,400 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On byNordic Acquisition

A number of institutional investors have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new stake in byNordic Acquisition in the 1st quarter valued at approximately $249,000. Tidal Investments LLC purchased a new stake in byNordic Acquisition in the 1st quarter valued at approximately $240,000. Berkley W R Corp boosted its holdings 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 purchasing an additional 361,957 shares in the last quarter. Robinson Capital Management LLC purchased a new stake in byNordic Acquisition in the 1st quarter valued at approximately $241,000. Finally, Atalaya Capital Management LP purchased a new stake in shares of byNordic Acquisition during the 4th quarter worth approximately $1,001,000. Hedge funds and other institutional investors own 32.91% of the company’s stock.

byNordic Acquisition Price Performance

NASDAQ BYNO opened at $11.23 on Friday. byNordic Acquisition has a 52-week low of $10.58 and a 52-week high of $12.12. The business’s 50-day moving average price is $11.20 and its 200 day moving average price is $11.09.

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.