Banner Acquisition Corp. (NASDAQ:BNNR – Get Rating) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 73,800 shares, a growth of 969.6% from the August 31st total of 6,900 shares. Based on an average daily volume of 11,700 shares, the days-to-cover ratio is presently 6.3 days. Approximately 0.5% of the shares of the stock are sold short.
Banner Acquisition Price Performance
Shares of BNNR stock traded up $0.01 during trading hours on Tuesday, reaching $9.90. The company had a trading volume of 5,238 shares, compared to its average volume of 37,422. The stock has a fifty day simple moving average of $9.89. Banner Acquisition has a 12-month low of $9.50 and a 12-month high of $16.00.
Get Banner Acquisition alerts:Institutional Trading of Banner Acquisition
Institutional investors and hedge funds have recently bought and sold shares of the business. Cohanzick Management LLC raised its position in shares of Banner Acquisition by 299.9% during the 1st quarter. Cohanzick Management LLC now owns 8,597 shares of the company's stock worth $85,000 after acquiring an additional 6,447 shares in the last quarter. OTA Financial Group L.P. acquired a new stake in shares of Banner Acquisition during the 2nd quarter worth about $572,000. Prelude Capital Management LLC acquired a new stake in shares of Banner Acquisition during the 1st quarter worth about $612,000. Dark Forest Capital Management LP raised its position in shares of Banner Acquisition by 68.3% during the 2nd quarter. Dark Forest Capital Management LP now owns 87,446 shares of the company's stock worth $863,000 after acquiring an additional 35,496 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of 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 in the last quarter. 65.07% of the stock is currently owned by hedge funds and other institutional investors.
Banner Acquisition Company Profile
(Get Rating)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.
Featured Stories
- Get a free copy of the StockNews.com research report on Banner Acquisition (BNNR)
- Build A Better Tech Portfolio With Jabil Inc.
- Is There Value In These Growth Stocks?
- Autodesk Is A Mature Company Still Acting Like A Growth Stock
- MarketBeat Podcast, 3 Stocks to Watch Newmont Mining, Walmart, AMC
- Is the Market Overreacting with Shopify Stock?
Receive News & Ratings for Banner Acquisition Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banner Acquisition and related companies with MarketBeat.com's FREE daily email newsletter.