InFinT Acquisition Co. (NYSE:IFIN) Sees Significant Growth in Short Interest

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

InFinT Acquisition Stock Up 0.0 %

Shares of InFinT Acquisition stock traded up $0.01 on Friday, hitting $11.50. The stock had a trading volume of 434 shares, compared to its average volume of 5,742. InFinT Acquisition has a one year low of $10.65 and a one year high of $11.54. The stock’s 50-day simple moving average is $11.42 and its two-hundred day simple moving average is $11.28.

Insider Buying and Selling

In other news, major shareholder Cowen Inc. sold 5,000 shares of InFinT Acquisition stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $11.36, for a total value of $56,800.00. Following the transaction, the insider now owns 374,878 shares in the company, valued at $4,258,614.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 43.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On InFinT Acquisition

Several institutional investors have recently added to or reduced their stakes in the company. Cowen AND Company LLC grew its position in shares of InFinT Acquisition by 113.6% in 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. Glazer Capital LLC boosted its holdings in InFinT Acquisition by 1.9% in the fourth quarter. Glazer Capital LLC now owns 454,214 shares of the company’s stock valued at $5,096,000 after acquiring an additional 8,344 shares in the last quarter. Westchester Capital Management LLC increased its position in InFinT Acquisition by 46.1% during the 3rd quarter. Westchester Capital Management LLC now owns 409,561 shares of the company’s stock valued at $4,517,000 after purchasing an additional 129,287 shares during the period. Spartan Fund Management Inc. bought a new position in InFinT Acquisition in the 3rd quarter worth $1,753,000. Finally, BCK Capital Management LP bought a new stake in shares of InFinT Acquisition during the 4th quarter valued at about $449,000. Hedge funds and other institutional investors own 56.01% of the company’s stock.

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.