InFinT Acquisition Co. (NYSE:IFIN – Get Rating) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 5,900 shares, an increase of 15.7% from the July 15th total of 5,100 shares. Based on an average trading volume of 21,600 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.
InFinT Acquisition Price Performance
Shares of IFIN opened at $10.09 on Tuesday. The business has a 50-day moving average of $10.06 and a 200 day moving average of $10.01. InFinT Acquisition has a fifty-two week low of $9.83 and a fifty-two week high of $10.12.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. purchased a new position in InFinT Acquisition during the 1st quarter valued at about $502,000. Bank of Montreal Can purchased a new position in InFinT Acquisition during the 1st quarter valued at about $961,000. Karpus Management Inc. grew its holdings in InFinT Acquisition by 6.7% during the 1st quarter. Karpus Management Inc. now owns 213,300 shares of the company’s stock valued at $2,133,000 after buying an additional 13,300 shares in the last quarter. Berkley W R Corp grew its holdings in InFinT Acquisition by 46.7% during the 1st quarter. Berkley W R Corp now owns 471,460 shares of the company’s stock valued at $4,715,000 after buying an additional 150,000 shares in the last quarter. Finally, Starboard Value LP grew its holdings in shares of InFinT Acquisition by 13.3% during the first quarter. Starboard Value LP now owns 500,000 shares of the company’s stock worth $5,000,000 after purchasing an additional 58,826 shares in the last quarter. Hedge funds and other institutional investors own 28.67% of the company’s stock.
About InFinT Acquisition
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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