L&F Acquisition Corp. (NYSE:LNFA) Sees Significant Growth in Short Interest

L&F Acquisition Corp. (NYSE:LNFAGet Rating) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 34,900 shares, an increase of 534.5% from the March 31st total of 5,500 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 68,800 shares, the days-to-cover ratio is presently 0.5 days.

Shares of L&F Acquisition stock opened at $10.15 on Thursday. L&F Acquisition has a one year low of $9.80 and a one year high of $10.15. The stock’s fifty day moving average is $10.10 and its 200 day moving average is $10.06.

A number of institutional investors have recently made changes to their positions in LNFA. Omni Event Management Ltd bought a new stake in L&F Acquisition during the fourth quarter valued at about $2,843,000. Schonfeld Strategic Advisors LLC increased its holdings in shares of L&F Acquisition by 60.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 48,000 shares of the company’s stock worth $481,000 after purchasing an additional 18,024 shares during the last quarter. Kohlberg Kravis Roberts & Co. L.P. increased its holdings in shares of L&F Acquisition by 2.8% in the fourth quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 110,751 shares of the company’s stock worth $1,111,000 after purchasing an additional 3,021 shares during the last quarter. State Street Corp increased its holdings in shares of L&F Acquisition by 36.8% in the fourth quarter. State Street Corp now owns 15,212 shares of the company’s stock worth $153,000 after purchasing an additional 4,095 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of L&F Acquisition in the fourth quarter worth about $7,534,000. 75.13% of the stock is currently owned by institutional investors.

L&F Acquisition Company Profile (Get Rating)

L&F Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the governance, risk, and compliance and legal technology and software sectors.

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