Portage Fintech Acquisition Co. (NASDAQ:PFTA – Get Rating) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 83,300 shares, an increase of 1,566.0% from the October 31st total of 5,000 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 101,800 shares, the short-interest ratio is presently 0.8 days.
Institutional Trading of Portage Fintech Acquisition
A number of hedge funds have recently added to or reduced their stakes in PFTA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Portage Fintech Acquisition in the 1st quarter worth about $214,000. Apollo Management Holdings L.P. acquired a new position in shares of Portage Fintech Acquisition in the 1st quarter valued at about $981,000. Radcliffe Capital Management L.P. acquired a new position in shares of Portage Fintech Acquisition in the 1st quarter valued at about $1,123,000. SkyView Investment Advisors LLC acquired a new position in shares of Portage Fintech Acquisition in the 1st quarter valued at about $1,850,000. Finally, Cantor Fitzgerald L. P. lifted its stake in shares of Portage Fintech Acquisition by 98.6% in the 1st quarter. Cantor Fitzgerald L. P. now owns 201,200 shares of the company's stock valued at $1,974,000 after purchasing an additional 99,900 shares in the last quarter. 46.31% of the stock is owned by institutional investors and hedge funds.
Get Portage Fintech Acquisition alerts:Portage Fintech Acquisition Price Performance
Shares of NASDAQ:PFTA opened at $10.00 on Wednesday. The stock's 50-day moving average price is $9.90 and its two-hundred day moving average price is $9.79. Portage Fintech Acquisition has a 12-month low of $9.60 and a 12-month high of $10.02.
About Portage Fintech Acquisition
(Get Rating)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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