ExcelFin Acquisition Corp. (NASDAQ:XFIN – Get Rating) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 13,200 shares, a decline of 31.3% from the February 28th total of 19,200 shares. Based on an average trading volume of 81,800 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

ExcelFin Acquisition Trading Down 0.1 %

Shares of NASDAQ:XFIN opened at $10.41 on Wednesday. ExcelFin Acquisition has a 52-week low of $9.91 and a 52-week high of $11.03. The firm has a fifty day moving average of $10.33 and a 200 day moving average of $10.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Saba Capital Management L.P. grew its position in ExcelFin Acquisition by 34.4% in the third quarter. Saba Capital Management L.P. now owns 1,171,146 shares of the company's stock worth $11,741,000 after acquiring an additional 300,000 shares in the last quarter. Marshall Wace LLP grew its position in ExcelFin Acquisition by 24.1% in the third quarter. Marshall Wace LLP now owns 1,041,484 shares of the company's stock worth $10,435,000 after acquiring an additional 202,577 shares in the last quarter. Calamos Advisors LLC purchased a new stake in ExcelFin Acquisition during the fourth quarter valued at about $10,230,000. Shaolin Capital Management LLC boosted its position in ExcelFin Acquisition by 16.7% during the fourth quarter. Shaolin Capital Management LLC now owns 933,355 shares of the company's stock valued at $9,576,000 after buying an additional 133,355 shares during the period. Finally, Verition Fund Management LLC boosted its position in ExcelFin Acquisition by 44.6% during the third quarter. Verition Fund Management LLC now owns 651,870 shares of the company's stock valued at $6,532,000 after buying an additional 200,945 shares during the period. 67.58% of the stock is currently owned by hedge funds and other institutional investors.

About ExcelFin Acquisition

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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.

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