InFinT Acquisition Co. (NYSE:IFIN) Short Interest Update

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

InFinT Acquisition Stock Performance

Shares of NYSE:IFIN opened at $11.66 on Friday. InFinT Acquisition has a 52-week low of $10.80 and a 52-week high of $11.67. The stock’s fifty day simple moving average is $11.55 and its 200-day simple moving average is $11.41.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Berkley W R Corp raised its holdings in InFinT Acquisition by 14.5% in 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 during the last quarter. K2 Principal Fund L.P. purchased a new position in InFinT Acquisition during the first quarter worth about $1,385,000. Glazer Capital LLC boosted its stake in InFinT Acquisition by 1.9% in the 4th 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. Cowen AND Company LLC grew its holdings in InFinT Acquisition by 113.6% in the 4th quarter. Cowen AND Company LLC now owns 530,678 shares of the company’s stock valued at $5,954,000 after buying an additional 282,233 shares during the period. Finally, BCK Capital Management LP purchased a new stake in InFinT Acquisition in the fourth quarter valued at approximately $449,000. 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.