Short Interest in Fintech Ecosystem Development Corp. (NASDAQ:FEXD) Drops By 7.5%

Posted by admin on Apr 16th, 2024

Fintech Ecosystem Development Corp. (NASDAQ:FEXD – Get Free Report) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 12,400 shares, a decrease of 7.5% from the March 15th total of 13,400 shares. Based on an average daily volume of 28,800 shares, the short-interest ratio is presently 0.4 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. acquired a new stake in shares of Fintech Ecosystem Development during the first quarter valued at approximately $580,000. Fir Tree Capital Management LP acquired a new position in Fintech Ecosystem Development during the 1st quarter valued at $355,000. EHP Funds Inc. acquired a new position in Fintech Ecosystem Development during the 1st quarter valued at $498,000. Millennium Management LLC raised its stake in Fintech Ecosystem Development by 427.6% during the 2nd quarter. Millennium Management LLC now owns 160,931 shares of the company’s stock valued at $1,613,000 after purchasing an additional 130,431 shares during the last quarter. Finally, Centiva Capital LP raised its stake in shares of Fintech Ecosystem Development by 12.0% in the 2nd quarter. Centiva Capital LP now owns 82,804 shares of the company’s stock valued at $828,000 after buying an additional 8,902 shares in the last quarter.

Fintech Ecosystem Development Price Performance

Shares of Fintech Ecosystem Development stock traded down $0.13 during trading hours on Tuesday, hitting $10.88. The company’s stock had a trading volume of 119 shares, compared to its average volume of 48,224. Fintech Ecosystem Development has a 1-year low of $10.49 and a 1-year high of $11.04. The business has a fifty day moving average of $10.89 and a 200 day moving average of $10.78.

Fintech Ecosystem Development Company Profile

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Fintech Ecosystem Development Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies in the financial technology development sector in South Asia.