Infinite Acquisition Corp. (NYSE:NFNT – Get Rating) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totalling 14,100 shares, an increase of 1,466.7% from the November 30th total of 900 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 58,700 shares, the short-interest ratio is presently 0.2 days.
Institutional Investors Weigh In On Infinite Acquisition
Large investors have recently bought and sold shares of the business. Cantor Fitzgerald L. P. acquired a new position in Infinite Acquisition in the first quarter worth $3,458,000. Bank of Montreal Can bought a new position in shares of Infinite Acquisition in the 3rd quarter valued at about $3,270,000. Weiss Asset Management LP grew its position in shares of Infinite Acquisition by 39.6% during the 3rd quarter. Weiss Asset Management LP now owns 558,492 shares of the company's stock worth $5,577,000 after buying an additional 158,492 shares during the period. Basso Capital Management L.P. bought a new stake in shares of Infinite Acquisition during the first quarter worth approximately $358,000. Finally, Spring Creek Capital LLC acquired a new position in Infinite Acquisition in the first quarter valued at approximately $247,000. 86.13% of the stock is currently owned by institutional investors.
Get Infinite Acquisition alerts:Infinite Acquisition Stock Up 0.1 %
NYSE NFNT opened at $10.23 on Friday. Infinite Acquisition has a 1-year low of $9.72 and a 1-year high of $10.35. The company has a 50 day moving average of $10.14 and a 200-day moving average of $10.00.
Infinite Acquisition Company Profile
(Get Rating)Infinite Acquisition Corp. does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.
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