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Short Interest in Bilander Acquisition Corp. (NASDAQ:TWCB) Rises By 138.7%

Financial News Live ·  Dec 12, 2022 14:41

Bilander Acquisition Corp. (NASDAQ:TWCB – Get Rating) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 7,400 shares, a growth of 138.7% from the November 15th total of 3,100 shares. Based on an average daily volume of 38,000 shares, the short-interest ratio is presently 0.2 days.

Bilander Acquisition Price Performance

Shares of Bilander Acquisition stock remained flat at $9.80 during trading hours on Monday. The stock had a trading volume of 100 shares, compared to its average volume of 57,526. Bilander Acquisition has a fifty-two week low of $9.59 and a fifty-two week high of $10.20. The stock has a 50-day moving average price of $9.76 and a 200 day moving average price of $9.72.

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Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Cantor Fitzgerald L. P. purchased a new stake in Bilander Acquisition during the third quarter worth $9,456,000. Marshall Wace LLP grew its position in Bilander Acquisition by 18.4% during the 3rd quarter. Marshall Wace LLP now owns 792,052 shares of the company's stock worth $7,683,000 after purchasing an additional 123,093 shares during the period. Deutsche Bank AG grew its position 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 valued at $7,371,000 after acquiring an additional 61,433 shares during the period. Goldman Sachs Group Inc. lifted its stake in Bilander Acquisition by 1,457.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 586,249 shares of the company's stock valued at $5,669,000 after buying an additional 548,617 shares in the last quarter. Finally, CSS LLC IL lifted its stake in Bilander Acquisition by 30.5% in the 2nd quarter. CSS LLC IL now owns 517,533 shares of the company's stock valued at $5,009,000 after buying an additional 121,055 shares in the last quarter. 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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