Short Interest in InFinT Acquisition Co. (NYSE:IFIN) Expands By 107.5%

InFinT Acquisition Co. (NYSE:IFIN) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 11,000 shares, an increase of 107.5% from the May 31st total of 5,300 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 3,800 shares, the short-interest ratio is currently 2.9 days.

InFinT Acquisition Stock Performance

Shares of IFIN opened at $11.66 on Friday. The stock’s 50-day moving average price is $11.55 and its 200 day moving average price is $11.41. InFinT Acquisition has a 12-month low of $10.80 and a 12-month high of $11.67.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BCK Capital Management LP bought a new stake in InFinT Acquisition in the 4th quarter valued at $449,000. K2 Principal Fund L.P. acquired a new stake in shares of InFinT Acquisition during the 1st quarter valued at about $1,385,000. Berkley W R Corp boosted its position in shares of InFinT Acquisition by 14.5% during the 1st quarter. Berkley W R Corp now owns 400,593 shares of the company’s stock valued at $4,587,000 after acquiring an additional 50,786 shares in the last quarter. Glazer Capital LLC increased its stake 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 during the period. Finally, Cowen AND Company LLC raised its position in InFinT Acquisition by 113.6% in the fourth quarter. Cowen AND Company LLC now owns 530,678 shares of the company’s stock worth $5,954,000 after purchasing an additional 282,233 shares in the last quarter. 56.01% of the stock is currently owned by institutional investors and hedge funds.

InFinT Acquisition Company Profile

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.