ExcelFin Acquisition Corp. (NASDAQ:XFIN – Get Rating) was the target of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 14,100 shares, a decrease of 30.5% from the January 15th total of 20,300 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 59,000 shares, the days-to-cover ratio is currently 0.2 days.
ExcelFin Acquisition Stock Down 0.1 %
Shares of XFIN stock opened at $10.31 on Friday. The stock has a 50 day simple moving average of $10.23 and a 200-day simple moving average of $10.09. ExcelFin Acquisition has a 1-year low of $9.83 and a 1-year high of $11.03.
Get ExcelFin Acquisition alerts:Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. Robinson Capital Management LLC acquired a new position in ExcelFin Acquisition in the 3rd quarter valued at $61,000. Virtu Financial LLC acquired a new position in ExcelFin Acquisition in the 3rd quarter valued at $110,000. Landscape Capital Management L.L.C. acquired a new position in ExcelFin Acquisition in the 3rd quarter valued at $208,000. Cowen AND Company LLC acquired a new position in ExcelFin Acquisition in the 4th quarter valued at $293,000. Finally, Atalaya Capital Management LP acquired a new position in ExcelFin Acquisition in the 4th quarter valued at $410,000. 67.58% of the stock is owned by institutional investors and hedge funds.
About ExcelFin Acquisition
(Get Rating)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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