Short Interest in InFinT Acquisition Co. (NYSE:IFIN) Rises By 5,200.0%

InFinT Acquisition Co. (NYSE:IFIN) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 5,300 shares, an increase of 5,200.0% from the May 15th total of 100 shares. Based on an average trading volume of 5,400 shares, the short-interest ratio is currently 1.0 days. Approximately 0.1% of the company’s shares are short sold.

InFinT Acquisition Stock Performance

IFIN opened at $11.54 on Thursday. The stock’s 50 day simple moving average is $11.51 and its 200 day simple moving average is $11.38. InFinT Acquisition has a 1 year low of $10.72 and a 1 year high of $11.66.

Institutional Trading of InFinT Acquisition

Institutional investors have recently made changes to their positions in the stock. Glazer Capital LLC boosted its position in InFinT Acquisition by 1.9% during the 4th quarter. Glazer Capital LLC now owns 454,214 shares of the company’s stock valued at $5,096,000 after buying an additional 8,344 shares during the period. BCK Capital Management LP purchased a new stake in shares of InFinT Acquisition during the fourth quarter worth about $449,000. Berkley W R Corp grew its stake in shares of InFinT Acquisition by 14.5% in the first quarter. Berkley W R Corp now owns 400,593 shares of the company’s stock worth $4,587,000 after purchasing an additional 50,786 shares during the last quarter. K2 Principal Fund L.P. purchased a new position in InFinT Acquisition during the 1st quarter valued at about $1,385,000. Finally, Cowen AND Company LLC raised its position in InFinT Acquisition by 113.6% during the 4th 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 last quarter. Hedge funds and other institutional investors 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.