Portage Fintech Acquisition Co. (NASDAQ:PFTA – Get Rating) saw a significant decline in short interest in July. As of July 15th, there was short interest totalling 6,600 shares, a decline of 36.5% from the June 30th total of 10,400 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 48,600 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Clearstead Advisors LLC purchased a new stake in shares of Portage Fintech Acquisition during the fourth quarter worth about $77,000. Rockefeller Capital Management L.P. purchased a new position in Portage Fintech Acquisition during the 4th quarter worth $174,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Portage Fintech Acquisition during the 1st quarter worth $214,000. Timelo Investment Management Inc. purchased a new position in shares of Portage Fintech Acquisition in the 4th quarter valued at $486,000. Finally, PEAK6 Investments LLC purchased a new position in shares of Portage Fintech Acquisition in the 4th quarter valued at $885,000. 65.39% of the stock is owned by institutional investors.

Portage Fintech Acquisition Stock Performance

Portage Fintech Acquisition stock remained flat at $9.75 during mid-day trading on Friday. The company's stock had a trading volume of 5,186 shares, compared to its average volume of 60,315. The business has a 50 day simple moving average of $9.70 and a 200 day simple moving average of $9.71. Portage Fintech Acquisition has a twelve month low of $9.60 and a twelve month high of $10.00.

About Portage Fintech Acquisition

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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