Finnovate Acquisition Corp. (NASDAQ:FNVT – Get Rating) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 8,300 shares, a growth of 33.9% from the October 31st total of 6,200 shares. Based on an average daily volume of 39,600 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.
Finnovate Acquisition Price Performance
Finnovate Acquisition stock opened at $10.20 on Friday. Finnovate Acquisition has a fifty-two week low of $9.75 and a fifty-two week high of $10.67. The stock's fifty day moving average is $10.13 and its two-hundred day moving average is $10.04.
Get Finnovate Acquisition alerts:Institutional Trading of Finnovate Acquisition
Several large investors have recently bought and sold shares of the company. Polar Asset Management Partners Inc. acquired a new stake in Finnovate Acquisition in the third quarter valued at $2,522,000. Marshall Wace LLP grew its holdings in Finnovate Acquisition by 15.4% in the third quarter. Marshall Wace LLP now owns 745,669 shares of the company's stock valued at $7,524,000 after purchasing an additional 99,240 shares during the last quarter. Cantor Fitzgerald L. P. grew its holdings in Finnovate Acquisition by 290.6% in the third quarter. Cantor Fitzgerald L. P. now owns 970,268 shares of the company's stock valued at $9,790,000 after purchasing an additional 721,843 shares during the last quarter. Shaolin Capital Management LLC acquired a new stake in shares of Finnovate Acquisition during the third quarter valued at $5,010,000. Finally, Glazer Capital LLC boosted its stake in shares of Finnovate Acquisition by 1.9% during the third quarter. Glazer Capital LLC now owns 248,859 shares of the company's stock valued at $2,511,000 after acquiring an additional 4,622 shares during the last quarter. Institutional investors and hedge funds own 61.71% of the company's stock.
About Finnovate Acquisition
(Get Rating)Finnovate Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to acquire Israel-related companies, including companies focused on payments, insuretech, wealthtech, regtech, digital banking, fintech as a service (FAAS), banking as a service (BAAS), cyber area for financial institutions, blockchain and crypto, algo-trading and exchanges, and lending and credit line platforms.
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