Short Interest in byNordic Acquisition Co. (NASDAQ:BYNO) Expands By 1,000.0%

byNordic Acquisition Co. (NASDAQ:BYNO - Get Free Report) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,100 shares, an increase of 1,000.0% from the March 15th total of 100 shares. Based on an average daily volume of 27,600 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On byNordic Acquisition

A number of hedge funds have recently added to or reduced their stakes in the business. Berkley W R Corp boosted its holdings in byNordic Acquisition by 31.6% in the fourth quarter. Berkley W R Corp now owns 43,504 shares of the company's stock worth $483,000 after purchasing an additional 10,439 shares during the period. Atalaya Capital Management LP acquired a new position in byNordic Acquisition in the fourth quarter worth $1,001,000. Wolverine Asset Management LLC boosted its holdings in byNordic Acquisition by 16.9% in the fourth quarter. Wolverine Asset Management LLC now owns 159,796 shares of the company's stock worth $1,750,000 after purchasing an additional 23,109 shares during the period. Walleye Trading LLC acquired a new position in byNordic Acquisition in the third quarter worth $1,343,000. Finally, Walleye Capital LLC acquired a new position in shares of byNordic Acquisition during the third quarter valued at $2,989,000. Institutional investors and hedge funds own 32.91% of the company's stock.

byNordic Acquisition Price Performance

byNordic Acquisition stock remained flat at $11.09 during mid-day trading on Wednesday. 8,048 shares of the company's stock were exchanged, compared to its average volume of 51,479. The firm's fifty day moving average is $11.06 and its 200 day moving average is $10.95. byNordic Acquisition has a 1 year low of $10.37 and a 1 year high of $12.12.

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.