InFinT Acquisition Co. (NYSE:IFIN) Short Interest Up 50.0% in April

InFinT Acquisition Co. (NYSE:IFINGet Free Report) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 300 shares, a growth of 50.0% from the April 15th total of 200 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 21,900 shares, the days-to-cover ratio is currently 0.0 days.

InFinT Acquisition Price Performance

Shares of IFIN stock remained flat at $11.50 on Tuesday. The firm has a 50 day simple moving average of $11.45 and a 200-day simple moving average of $11.31. InFinT Acquisition has a 12 month low of $10.65 and a 12 month high of $11.54.

Insider Transactions at InFinT Acquisition

In other InFinT Acquisition news, major shareholder Cowen Inc. sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $11.36, for a total value of $56,800.00. Following the completion of the transaction, the insider now owns 374,878 shares in the company, valued at approximately $4,258,614.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 43.30% of the company’s stock.

Hedge Funds Weigh In On InFinT Acquisition

A number of large investors have recently bought and sold shares of IFIN. BCK Capital Management LP purchased a new stake in shares of InFinT Acquisition in the fourth quarter valued at $449,000. K2 Principal Fund L.P. acquired a new position in InFinT Acquisition during the first quarter worth $1,385,000. Westchester Capital Management LLC increased 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 buying an additional 129,287 shares during the last quarter. Glazer Capital LLC increased its position in InFinT Acquisition by 1.9% during 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. Finally, Cowen AND Company LLC increased its position in InFinT Acquisition by 113.6% during the fourth 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. Institutional investors own 56.01% of the company’s stock.

InFinT Acquisition Company Profile

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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.

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