InFinT Acquisition Co. (NYSE:IFIN) Sees Significant Increase in Short Interest

InFinT Acquisition Co. (NYSE:IFINGet Rating) was the target of a significant increase in short interest in the month of December. As of December 30th, there was short interest totalling 1,300 shares, an increase of 18.2% from the December 15th total of 1,100 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 43,100 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On InFinT Acquisition

Several hedge funds have recently made changes to their positions in IFIN. Toroso Investments LLC lifted its stake in shares of InFinT Acquisition by 13.3% in the third quarter. Toroso Investments LLC now owns 18,296 shares of the company’s stock valued at $186,000 after buying an additional 2,148 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of InFinT Acquisition in the first quarter valued at about $502,000. Bank of Montreal Can bought a new stake in shares of InFinT Acquisition in the first quarter valued at about $961,000. Karpus Management Inc. lifted its stake in shares of InFinT Acquisition by 36.6% in the second quarter. Karpus Management Inc. now owns 291,425 shares of the company’s stock valued at $2,923,000 after buying an additional 78,125 shares during the period. Finally, Mizuho Securities USA LLC lifted its stake in shares of InFinT Acquisition by 0.4% in the third quarter. Mizuho Securities USA LLC now owns 384,333 shares of the company’s stock valued at $3,809,000 after buying an additional 1,453 shares during the period. Institutional investors own 71.04% of the company’s stock.

InFinT Acquisition Stock Performance

NYSE IFIN opened at $10.44 on Friday. The firm has a 50-day simple moving average of $10.35 and a 200 day simple moving average of $10.20. InFinT Acquisition has a twelve month low of $9.83 and a twelve month high of $10.65.

About InFinT Acquisition

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InFinT Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in financial technology sections in North America, Asia, Latin America, Europe, and Israel.

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