Bilander Acquisition Corp. (NASDAQ:TWCB – Get Rating) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 1,500 shares, a decrease of 34.8% from the August 15th total of 2,300 shares. Based on an average trading volume of 43,900 shares, the days-to-cover ratio is presently 0.0 days.
Bilander Acquisition Stock Performance
NASDAQ:TWCB remained flat at $9.71 during midday trading on Friday. The company's 50 day moving average price is $9.72 and its 200 day moving average price is $9.70. Bilander Acquisition has a fifty-two week low of $9.59 and a fifty-two week high of $10.20.
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Institutional Trading of Bilander Acquisition
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Centiva Capital LP raised its holdings in Bilander Acquisition by 36.3% during the 2nd quarter. Centiva Capital LP now owns 248,395 shares of the company's stock valued at $2,404,000 after buying an additional 66,100 shares during the period. Aristeia Capital LLC increased its stake in Bilander Acquisition by 12.5% in the second quarter. Aristeia Capital LLC now owns 450,000 shares of the company's stock worth $4,356,000 after purchasing an additional 50,000 shares during the period. CSS LLC IL increased its stake in Bilander Acquisition by 30.5% in the second quarter. CSS LLC IL now owns 517,533 shares of the company's stock worth $5,009,000 after purchasing an additional 121,055 shares during the period. Credit Suisse AG purchased a new stake in Bilander Acquisition in the second quarter worth $3,872,000. Finally, Deutsche Bank AG increased its stake in Bilander Acquisition by 8.8% in the second 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. Hedge funds and other institutional investors own 65.12% of the company's stock.
Bilander Acquisition Company Profile
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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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