ExcelFin Acquisition Corp. (NASDAQ:XFIN) Short Interest Up 100.0% in July

ExcelFin Acquisition Corp. (NASDAQ:XFIN) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 200 shares, an increase of 100.0% from the June 30th total of 100 shares. Based on an average daily trading volume, of 3,700 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of ExcelFin Acquisition

A number of institutional investors have recently modified their holdings of XFIN. K2 Principal Fund L.P. acquired a new position in ExcelFin Acquisition in the fourth quarter valued at about $551,000. Wolverine Asset Management LLC acquired a new position in shares of ExcelFin Acquisition in the 4th quarter valued at approximately $1,094,000. Cowen AND Company LLC lifted its holdings in shares of ExcelFin Acquisition by 249.8% during the 4th quarter. Cowen AND Company LLC now owns 103,188 shares of the company’s stock worth $1,105,000 after acquiring an additional 73,688 shares during the period. Berkley W R Corp acquired a new stake in shares of ExcelFin Acquisition during the 1st quarter worth approximately $1,801,000. Finally, Mizuho Securities USA LLC increased its stake in ExcelFin Acquisition by 5.5% in the fourth quarter. Mizuho Securities USA LLC now owns 353,307 shares of the company’s stock valued at $3,763,000 after acquiring an additional 18,307 shares during the last quarter. 19.78% of the stock is currently owned by institutional investors.

ExcelFin Acquisition Price Performance

Shares of NASDAQ:XFIN opened at $11.03 on Friday. The business’s 50 day simple moving average is $11.04 and its 200 day simple moving average is $10.95. ExcelFin Acquisition has a 1 year low of $10.43 and a 1 year high of $11.10.

ExcelFin Acquisition Company Profile

ExcelFin Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Fort Mill, South Carolina.