InFinT Acquisition Co. (NYSE:IFIN) Short Interest Up 250.0% in January

InFinT Acquisition Co. (NYSE:IFINGet Free Report) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 700 shares, a growth of 250.0% from the January 15th total of 200 shares. Based on an average daily volume of 38,300 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new stake in shares of InFinT Acquisition during the 4th quarter worth approximately $137,000. Toroso Investments LLC increased its holdings in 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 in the last quarter. BCK Capital Management LP acquired a new position in shares of InFinT Acquisition in the fourth quarter worth about $449,000. Goldman Sachs Group Inc. purchased a new position in InFinT Acquisition during the second quarter worth approximately $467,000. Finally, Prelude Capital Management LLC purchased a new stake in shares of InFinT Acquisition in the second quarter valued at approximately $536,000. Hedge funds and other institutional investors own 55.83% of the company’s stock.

InFinT Acquisition Price Performance

Shares of IFIN stock opened at $11.35 on Tuesday. InFinT Acquisition has a fifty-two week low of $10.50 and a fifty-two week high of $11.39. The stock’s 50-day simple moving average is $11.25 and its 200-day simple moving average is $11.13.

InFinT Acquisition Company Profile

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InFinT Acquisition Corporation does not have significant operations. The company focuses on share exchange, and share reconstruction and amalgamation with 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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