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

InFinT Acquisition Co. (NYSE:IFIN – Get Free Report) saw significant growth in short interest in June. As of June 15, short interest stood at 11,000 shares, an increase of 107.5% from the total of 5,300 shares as of May 31. Short sales concern approximately 0.2% of the company’s shares. Based on average daily volume of 3,800 shares, the days to cover ratio is currently 2.9 days.

Institutional inflows and outflows

Several large investors have recently increased or decreased their stakes in IFIN. Cowen AND Company LLC raised its position in InFinT Acquisition by 113.6% during the fourth quarter. Cowen AND Company LLC now owns 530,678 shares of the company’s stock valued at $5,954,000 after purchasing an additional 282,233 shares during the period. K2 Capital Fund LP acquired a new position in InFinT Acquisition during the first quarter worth approximately $1,385,000. Berkley WR Corp increased its position in the InFinT acquisition by 14.5% in the first quarter. Berkley WR Corp now owns 400,593 shares of the company’s stock valued at $4,587,000 after purchasing an additional 50,786 shares in the last quarter. BCK Capital Management LP acquired a new position in InFinT Acquisition during the fourth quarter worth approximately $449,000. Finally, Glazer Capital LLC increased its position 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 valued at $5,096,000 after acquiring an additional 8,344 shares in the last quarter. 56.01% of the shares are currently held by institutional investors and hedge funds.

InFinT Acquisition Price Performance

Shares of InFinT Acquisition opened on Friday at $11.66. The company has a 50-day simple moving average of $11.55 and a 200-day simple moving average of $11.41. InFinT Acquisition has a yearly low of $10.80 and a yearly high of $11.67.

Profile of the company acquiring InFinT

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InFinT Acquisition Corporation has no significant operations. The company focuses on stock exchanges, stock reconstructions and mergers with similar business combinations with one or more companies or entities. It intends to focus on companies in the financial services and technology sectors in North America, Asia, Latin America, Europe and Israel.

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