Bilander Acquisition Corp. (NASDAQ:TWCB – Get Rating) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 2,500 shares, a drop of 30.6% from the July 15th total of 3,600 shares. Based on an average trading volume of 27,800 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Bilander Acquisition

Institutional investors have recently made changes to their positions in the stock. Cheyne Capital Management UK LLP acquired a new position in shares of Bilander Acquisition in the 1st quarter valued at $97,000. Rockefeller Capital Management L.P. purchased a new stake in Bilander Acquisition during the 4th quarter worth about $173,000. Deutsche Bank AG lifted its stake in shares of Bilander Acquisition by 8.8% during the 2nd quarter. Deutsche Bank AG now owns 761,433 shares of the company's stock worth $7,371,000 after purchasing an additional 61,433 shares during the period. Radcliffe Capital Management L.P. raised its stake in Bilander Acquisition by 79.4% during the first quarter. Radcliffe Capital Management L.P. now owns 179,367 shares of the company's stock worth $1,734,000 after purchasing an additional 79,367 shares during the period. Finally, Context Capital Management LLC acquired a new stake in Bilander Acquisition during the 1st quarter worth approximately $1,451,000. 49.57% of the stock is currently owned by institutional investors and hedge funds.

Bilander Acquisition Stock Performance

TWCB remained flat at $9.72 on Friday. Bilander Acquisition has a fifty-two week low of $9.59 and a fifty-two week high of $9.83. The company has a fifty day simple moving average of $9.69 and a two-hundred day simple moving average of $9.69.

About Bilander Acquisition

Bilander Acquisition Corp. 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 technology industry. The company was incorporated in 2021 and is based in San Francisco, California.

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