Bilander Acquisition Corp. (NASDAQ:TWCB – Get Rating) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 1,900 shares, a drop of 26.9% from the October 15th total of 2,600 shares. Based on an average daily trading volume, of 42,300 shares, the short-interest ratio is presently 0.0 days.
Bilander Acquisition Trading Down 0.2 %
TWCB traded down $0.02 during trading hours on Friday, reaching $9.75. The company's stock had a trading volume of 647 shares, compared to its average volume of 25,446. Bilander Acquisition has a fifty-two week low of $9.59 and a fifty-two week high of $10.20. The business's 50-day moving average is $9.72 and its 200-day moving average is $9.71.
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Hedge Funds Weigh In On Bilander Acquisition
Several large investors have recently modified their holdings of TWCB. Elequin Capital LP acquired a new stake in shares of Bilander Acquisition during the 3rd quarter worth about $29,000. Cheyne Capital Management UK LLP purchased a new position in shares of Bilander Acquisition during the 1st quarter worth approximately $97,000. Context Capital Management LLC acquired a new stake in Bilander Acquisition in the 1st quarter valued at approximately $1,451,000. Anson Funds Management LP purchased a new stake in Bilander Acquisition in the first quarter valued at approximately $1,692,000. Finally, Radcliffe Capital Management L.P. boosted its position in shares of 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 buying an additional 79,367 shares during the period. Institutional investors and hedge funds own 65.12% of the company's stock.
About Bilander Acquisition
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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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