ExcelFin Acquisition Corp. (NASDAQ:XFIN – Get Rating) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 276,500 shares, an increase of 2,094.4% from the March 31st total of 12,600 shares. Based on an average daily volume of 208,100 shares, the days-to-cover ratio is presently 1.3 days. Approximately 1.6% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of XFIN. Saba Capital Management L.P. lifted its stake in ExcelFin Acquisition by 34.4% in the third quarter. Saba Capital Management L.P. now owns 1,171,146 shares of the company's stock valued at $11,741,000 after purchasing an additional 300,000 shares during the last quarter. Marshall Wace LLP grew its position in shares of ExcelFin Acquisition by 24.1% during the 3rd quarter. Marshall Wace LLP now owns 1,041,484 shares of the company's stock valued at $10,435,000 after purchasing an additional 202,577 shares in the last quarter. Calamos Advisors LLC purchased a new position in shares of ExcelFin Acquisition during the 4th quarter valued at $10,230,000. Shaolin Capital Management LLC grew its position in ExcelFin Acquisition by 16.7% in the fourth quarter. Shaolin Capital Management LLC now owns 933,355 shares of the company's stock worth $9,576,000 after acquiring an additional 133,355 shares in the last quarter. Finally, Verition Fund Management LLC grew its position in ExcelFin Acquisition by 44.6% in the third quarter. Verition Fund Management LLC now owns 651,870 shares of the company's stock worth $6,532,000 after acquiring an additional 200,945 shares in the last quarter. 67.58% of the stock is owned by institutional investors.
Get ExcelFin Acquisition alerts:ExcelFin Acquisition Trading Up 0.1 %
NASDAQ XFIN opened at $10.32 on Thursday. ExcelFin Acquisition has a one year low of $9.91 and a one year high of $11.10. The business's fifty day moving average is $10.35 and its 200-day moving average is $10.22.
About ExcelFin Acquisition
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ExcelFin Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in San Francisco, California.
Further Reading
- Get a free copy of the StockNews.com research report on ExcelFin Acquisition (XFIN)
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