Short Interest in Portage Fintech Acquisition Co. (NASDAQ:PFTA) Expands By 271.4%

Portage Fintech Acquisition Co. (NASDAQ:PFTAGet Rating) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 20,800 shares, a growth of 271.4% from the March 31st total of 5,600 shares. Based on an average trading volume of 59,700 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Several institutional investors have recently bought and sold shares of PFTA. Clearstead Advisors LLC bought a new position in Portage Fintech Acquisition during the 4th quarter valued at approximately $77,000. Clear Street LLC purchased a new stake in shares of Portage Fintech Acquisition in the fourth quarter worth $95,000. Ancora Advisors LLC purchased a new stake in shares of Portage Fintech Acquisition in the third quarter worth $96,000. Rockefeller Capital Management L.P. bought a new position in shares of Portage Fintech Acquisition during the fourth quarter valued at $174,000. Finally, D. E. Shaw & Co. Inc. purchased a new position in shares of Portage Fintech Acquisition in the 4th quarter worth about $202,000. Institutional investors own 65.39% of the company’s stock.

Shares of PFTA opened at $9.77 on Thursday. The business has a 50-day simple moving average of $9.73. Portage Fintech Acquisition has a fifty-two week low of $9.60 and a fifty-two week high of $10.00.

About Portage Fintech Acquisition (Get Rating)

Portage Fintech Acquisition Corporation intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the financial technology or financial services ecosystem. The company was incorporated in 2021 and is based in New York, New York.

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