Short Interest in InFinT Acquisition Co. (NYSE:IFIN) Grows By 11,000.0%

InFinT Acquisition Co. (NYSE:IFIN) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 11,100 shares, an increase of 11,000.0% from the August 15th total of 100 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 73,700 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of InFinT Acquisition

A number of large investors have recently modified their holdings of IFIN. Toroso Investments LLC raised its holdings in shares of InFinT Acquisition by 13.3% during the 3rd quarter. Toroso Investments LLC now owns 18,296 shares of the company’s stock valued at $186,000 after buying an additional 2,148 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of InFinT Acquisition during the 4th quarter valued at about $137,000. Sea Otter Advisors LLC raised its holdings in shares of InFinT Acquisition by 17.4% during the 1st quarter. Sea Otter Advisors LLC now owns 121,372 shares of the company’s stock valued at $1,287,000 after buying an additional 18,027 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of InFinT Acquisition during the 2nd quarter valued at about $467,000. Finally, Prelude Capital Management LLC purchased a new position in shares of InFinT Acquisition during the 2nd quarter valued at about $536,000. Institutional investors own 55.83% of the company’s stock.

InFinT Acquisition Trading Up 0.0 %

Shares of IFIN opened at $11.03 on Friday. The stock has a 50-day moving average price of $10.94 and a 200-day moving average price of $10.76. InFinT Acquisition has a 12-month low of $10.12 and a 12-month high of $11.03.

InFinT Acquisition Company Profile

InFinT Acquisition Corporation does not have significant operations. The company focuses on share exchange, and share reconstruction and amalgamation with 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.