Short Interest in Alfi, Inc. (NASDAQ:ALF) Decreases By 20.0%

Alfi, Inc. (NASDAQ:ALFGet Rating) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 307,200 shares, a drop of 20.0% from the March 31st total of 383,800 shares. Currently, 3.8% of the shares of the company are short sold. Based on an average daily volume of 688,700 shares, the days-to-cover ratio is presently 0.4 days.

Alfi stock opened at $1.47 on Tuesday. Alfi has a 52-week low of $1.37 and a 52-week high of $22.50. The firm has a 50-day moving average price of $1.68 and a two-hundred day moving average price of $2.59.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ALF. UBS Group AG acquired a new position in shares of Alfi during the third quarter valued at $29,000. Morgan Stanley bought a new position in Alfi in the 2nd quarter valued at about $169,000. Citadel Advisors LLC acquired a new position in Alfi during the 3rd quarter valued at about $190,000. Geode Capital Management LLC increased its stake in Alfi by 21.7% during the 3rd quarter. Geode Capital Management LLC now owns 35,795 shares of the company’s stock valued at $234,000 after buying an additional 6,391 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Alfi during the 4th quarter worth about $137,000. 5.98% of the stock is currently owned by institutional investors.

Alfi Company Profile (Get Rating)

Alfi, Inc provides interactive intelligent artificial intelligence and machine learning software solutions. Alfi, Inc was formerly known as Lectrefy, Inc and changed its name to Alfi, Inc in January 2020. The company was founded in 2018 and is based in Miami Beach, Florida.

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