Banner Acquisition Corp. (NASDAQ:BNNR – Get Rating) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 9,700 shares, an increase of 6.6% from the October 31st total of 9,100 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 13,500 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On Banner Acquisition

Several hedge funds and other institutional investors have recently modified their holdings of the business. Sculptor Capital LP increased its stake in shares of Banner Acquisition by 285.7% in the 1st quarter. Sculptor Capital LP now owns 935,400 shares of the company's stock valued at $9,214,000 after purchasing an additional 692,898 shares during the last quarter. Highbridge Capital Management LLC increased its stake in shares of Banner Acquisition by 32.8% in the 1st quarter. Highbridge Capital Management LLC now owns 789,366 shares of the company's stock valued at $7,775,000 after purchasing an additional 195,155 shares during the last quarter. Bank of America Corp DE bought a new stake in Banner Acquisition during the 1st quarter worth $2,856,000. Millennium Management LLC grew its position in Banner Acquisition by 2.5% during the 2nd quarter. Millennium Management LLC now owns 182,805 shares of the company's stock worth $1,802,000 after acquiring an additional 4,380 shares during the last quarter. Finally, Balyasny Asset Management LLC grew its position in Banner Acquisition by 24.4% during the 3rd quarter. Balyasny Asset Management LLC now owns 111,786 shares of the company's stock worth $1,109,000 after acquiring an additional 21,921 shares during the last quarter. Institutional investors own 65.07% of the company's stock.

Banner Acquisition Trading Up 0.3 %

Shares of BNNR traded up $0.03 during midday trading on Monday, hitting $10.03. The company's stock had a trading volume of 600 shares, compared to its average volume of 32,269. Banner Acquisition has a one year low of $9.75 and a one year high of $10.39. The company's fifty day simple moving average is $9.97 and its two-hundred day simple moving average is $9.91.

About Banner Acquisition

Banner 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. The company was incorporated in 2021 and is based in Lehi, Utah.

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