Short Interest in InFinT Acquisition Co. (NYSE:IFIN) Increases By 100.0%

InFinT Acquisition Co. (NYSE:IFIN) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 200 shares, a growth of 100.0% from the March 31st total of 100 shares. Based on an average daily volume of 31,300 shares, the short-interest ratio is presently 0.0 days.

Insiders Place Their Bets

In other InFinT Acquisition news, major shareholder Cowen Inc. sold 5,000 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $11.36, for a total transaction of $56,800.00. Following the sale, the insider now directly owns 374,878 shares of the company’s stock, valued at approximately $4,258,614.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 43.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BCK Capital Management LP purchased a new position in InFinT Acquisition in the 4th quarter worth approximately $449,000. Spartan Fund Management Inc. purchased a new position in InFinT Acquisition in the 3rd quarter worth approximately $1,753,000. Westchester Capital Management LLC lifted its stake in InFinT Acquisition by 46.1% in the 3rd quarter. Westchester Capital Management LLC now owns 409,561 shares of the company’s stock worth $4,517,000 after purchasing an additional 129,287 shares in the last quarter. Glazer Capital LLC increased its holdings in shares of InFinT Acquisition by 1.9% during the 4th quarter. Glazer Capital LLC now owns 454,214 shares of the company’s stock worth $5,096,000 after buying an additional 8,344 shares during the last quarter. Finally, Cowen AND Company LLC increased its holdings in shares of InFinT Acquisition by 113.6% during the 4th quarter. Cowen AND Company LLC now owns 530,678 shares of the company’s stock worth $5,954,000 after buying an additional 282,233 shares during the last quarter. 56.01% of the stock is owned by hedge funds and other institutional investors.

InFinT Acquisition Trading Up 0.0 %

InFinT Acquisition stock traded up $0.01 during midday trading on Friday, reaching $11.50. The company had a trading volume of 434 shares, compared to its average volume of 5,742. InFinT Acquisition has a 12-month low of $10.65 and a 12-month high of $11.54. The firm’s fifty day simple moving average is $11.42 and its 200-day simple moving average is $11.28.

About InFinT Acquisition

InFinT Acquisition Corporation does not have significant operations. The company focuses on share exchange, share reconstruction, and amalgamation with similar business combination with one or more businesses or entities. It intends to focus on businesses in financial services and technology sectors in North America, Asia, Latin America, Europe, and Israel.