Banner Acquisition Corp. (NASDAQ:BNNR) Short Interest Update
Banner Acquisition Corp. (NASDAQ:BNNR – Get Rating) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 73,800 shares, an increase of 969.6% from the August 31st total of 6,900 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 11,700 shares, the days-to-cover ratio is presently 6.3 days.
Banner Acquisition Stock Performance
Shares of NASDAQ BNNR opened at $9.90 on Wednesday. Banner Acquisition has a 52-week low of $9.50 and a 52-week high of $16.00. The firm has a 50 day moving average price of $9.89.
Institutional Trading of Banner Acquisition
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dark Forest Capital Management LP increased its position in shares of Banner Acquisition by 68.3% during the second 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 during the period. Millennium Management LLC increased its position in shares of Banner Acquisition by 2.5% during the second 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 during the period. OTA Financial Group L.P. purchased a new stake in shares of Banner Acquisition during the second quarter worth $572,000. Bank of America Corp DE purchased a new stake in shares of Banner Acquisition during the first quarter worth $2,856,000. Finally, Sculptor Capital LP increased its position in shares of Banner Acquisition by 285.7% during the first quarter. Sculptor Capital LP now owns 935,400 shares of the company’s stock worth $9,214,000 after acquiring an additional 692,898 shares during the period. Hedge funds and other institutional investors own 65.07% of the company’s stock.
Banner Acquisition Company Profile
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.
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