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

InFinT Acquisition Co. (NYSE:IFIN) was the target of a significant growth in short interest during 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 trading volume of 31,300 shares, the short-interest ratio is currently 0.0 days.

InFinT Acquisition Price Performance

NYSE IFIN traded up $0.01 on Friday, reaching $11.50. The company’s stock had a trading volume of 434 shares, compared to its average volume of 5,742. The firm’s 50 day moving average is $11.42 and its two-hundred day moving average is $11.28. InFinT Acquisition has a twelve month low of $10.65 and a twelve month high of $11.54.

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 directly owns 374,878 shares of the company’s stock, valued at approximately $4,258,614.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 43.30% of the company’s stock.

Institutional Trading of InFinT Acquisition

A number of institutional investors have recently bought and sold shares of IFIN. Spartan Fund Management Inc. bought a new stake in shares of InFinT Acquisition during the 3rd quarter worth about $1,753,000. Westchester Capital Management LLC boosted its position in InFinT Acquisition by 46.1% during the third 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 during the period. BCK Capital Management LP acquired a new position in InFinT Acquisition during the fourth quarter valued at approximately $449,000. Cowen AND Company LLC raised its position in shares of InFinT Acquisition by 113.6% in the fourth quarter. Cowen AND Company LLC now owns 530,678 shares of the company’s stock valued at $5,954,000 after purchasing an additional 282,233 shares during the period. Finally, Glazer Capital LLC lifted its stake in shares of InFinT Acquisition by 1.9% in the fourth 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. Institutional investors and hedge funds 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.