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Bilander Acquisition Corp. (NASDAQ:TWCB) Short Interest Up 138.7% in November

Defense World ·  Dec 13, 2022 04:51

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

Bilander Acquisition Price Performance

NASDAQ TWCB opened at $9.80 on Tuesday. Bilander Acquisition has a 12 month low of $9.59 and a 12 month high of $10.20. The company has a 50-day moving average of $9.76 and a 200-day moving average of $9.72.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TWCB. Elequin Capital LP purchased a new stake in shares of Bilander Acquisition during the 3rd quarter worth about $29,000. Anson Funds Management LP purchased a new stake in shares of Bilander Acquisition during the 1st quarter worth about $1,692,000. Radcliffe Capital Management L.P. grew its holdings in shares of Bilander Acquisition by 79.4% during the 1st quarter. Radcliffe Capital Management L.P. now owns 179,367 shares of the company's stock worth $1,734,000 after purchasing an additional 79,367 shares during the period. Spartan Fund Management Inc. purchased a new stake in shares of Bilander Acquisition during the 1st quarter worth about $2,418,000. Finally, Centiva Capital LP grew its holdings in shares of Bilander Acquisition by 36.3% during the 2nd quarter. Centiva Capital LP now owns 248,395 shares of the company's stock worth $2,404,000 after purchasing an additional 66,100 shares during the period. Institutional investors and hedge funds 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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