InFinT Acquisition Co. (NYSE:IFIN) Short Interest Update

InFinT Acquisition Co. (NYSE:IFINGet Free Report) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 1,200 shares, an increase of 1,100.0% from the February 29th total of 100 shares. Based on an average daily trading volume, of 31,300 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

InFinT Acquisition Price Performance

Shares of NYSE:IFIN opened at $11.43 on Thursday. The company’s 50 day simple moving average is $11.35 and its 200 day simple moving average is $11.22. InFinT Acquisition has a 1 year low of $10.59 and a 1 year high of $11.45.

Insider Activity

In related news, major shareholder Cowen Inc. sold 5,000 shares of InFinT Acquisition stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $11.36, for a total value of $56,800.00. Following the transaction, the insider now directly owns 374,878 shares of the company’s stock, valued at $4,258,614.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 43.30% of the stock is owned by company insiders.

Institutional Trading of InFinT Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of IFIN. Glazer Capital LLC lifted its holdings in shares of InFinT Acquisition by 1.9% during the fourth quarter. Glazer Capital LLC now owns 454,214 shares of the company’s stock worth $5,096,000 after purchasing an additional 8,344 shares during the period. Cowen AND Company LLC lifted its holdings in InFinT Acquisition by 113.6% in the fourth quarter. Cowen AND Company LLC now owns 530,678 shares of the company’s stock valued at $5,954,000 after buying an additional 282,233 shares during the period. BCK Capital Management LP acquired a new position in shares of InFinT Acquisition during the fourth quarter valued at about $449,000. Westchester Capital Management LLC raised its holdings in shares of InFinT Acquisition by 46.1% during the third quarter. Westchester Capital Management LLC now owns 409,561 shares of the company’s stock valued at $4,517,000 after purchasing an additional 129,287 shares during the period. Finally, Spartan Fund Management Inc. bought a new stake in shares of InFinT Acquisition during the third quarter worth about $1,753,000. Institutional investors own 56.01% of the company’s stock.

About InFinT Acquisition

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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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