Portage Fintech Acquisition Co. (NASDAQ:PFTA – Get Rating) was the recipient of a significant growth in short interest in June. As of June 15th, there was short interest totalling 10,600 shares, a growth of 20.5% from the May 31st total of 8,800 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 81,900 shares, the days-to-cover ratio is presently 0.1 days.

Shares of PFTA stock opened at $9.69 on Thursday. Portage Fintech Acquisition has a fifty-two week low of $9.60 and a fifty-two week high of $10.00. The stock's 50-day moving average is $9.69 and its two-hundred day moving average is $9.71.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Clearstead Advisors LLC acquired a new position in Portage Fintech Acquisition in the fourth quarter worth approximately $77,000. Clear Street LLC bought a new stake in Portage Fintech Acquisition in the fourth quarter worth approximately $95,000. Rockefeller Capital Management L.P. acquired a new position in shares of Portage Fintech Acquisition during the 4th quarter worth $174,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Portage Fintech Acquisition during the 1st quarter valued at $214,000. Finally, Timelo Investment Management Inc. acquired a new stake in shares of Portage Fintech Acquisition in the 4th quarter valued at $486,000. 65.39% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

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