InFinT Acquisition Co. (NYSE:IFIN – Get Rating) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 1,100 shares, a drop of 8.3% from the November 30th total of 1,200 shares. Approximately 0.0% of the company's shares are short sold. Based on an average trading volume of 38,300 shares, the days-to-cover ratio is currently 0.0 days.
Hedge Funds Weigh In On InFinT Acquisition
Hedge funds and other institutional investors have recently made changes to their positions in the company. Toroso Investments LLC boosted its position in shares of InFinT Acquisition by 13.3% during the third quarter. Toroso Investments LLC now owns 18,296 shares of the company's stock worth $186,000 after purchasing an additional 2,148 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of InFinT Acquisition during the first quarter worth $502,000. Bank of Montreal Can bought a new position in shares of InFinT Acquisition during the first quarter worth $961,000. Karpus Management Inc. boosted its position in shares of InFinT Acquisition by 36.6% during the second quarter. Karpus Management Inc. now owns 291,425 shares of the company's stock worth $2,923,000 after purchasing an additional 78,125 shares in the last quarter. Finally, Mizuho Securities USA LLC boosted its position in shares of InFinT Acquisition by 0.4% during the third quarter. Mizuho Securities USA LLC now owns 384,333 shares of the company's stock worth $3,809,000 after purchasing an additional 1,453 shares in the last quarter. 71.04% of the stock is owned by institutional investors.
Get InFinT Acquisition alerts:InFinT Acquisition Price Performance
IFIN stock traded up $0.02 during midday trading on Thursday, reaching $10.39. The company's stock had a trading volume of 5,381 shares, compared to its average volume of 10,564. InFinT Acquisition has a 52 week low of $9.83 and a 52 week high of $10.42. The business's 50-day simple moving average is $10.30 and its 200-day simple moving average is $10.17.
About InFinT Acquisition
(Get Rating)InFinT Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It intends to focus on businesses in financial technology sections in North America, Asia, Latin America, Europe, and Israel.
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