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

InFinT Acquisition Co. (NYSE:IFIN) saw a significant growth in short interest in the month of 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. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 3,800 shares, the days-to-cover ratio is currently 2.9 days.

Institutional Investors Weigh In On InFinT Acquisition

Hedge funds and other institutional investors have recently bought and sold shares of the business. BCK Capital Management LP purchased a new position in shares of InFinT Acquisition in the 4th quarter worth about $449,000. Cowen AND Company LLC increased its stake 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 in the last quarter. Glazer Capital LLC raised its holdings in InFinT Acquisition by 1.9% in 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. K2 Principal Fund L.P. purchased a new stake in shares of InFinT Acquisition during the first quarter valued at approximately $1,385,000. Finally, Berkley W R Corp increased its position in shares of InFinT Acquisition by 14.5% during the first 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. Hedge funds and other institutional investors own 56.01% of the company’s stock.

InFinT Acquisition Stock Performance

IFIN opened at $11.66 on Friday. InFinT Acquisition has a 12-month low of $10.80 and a 12-month high of $11.67. The stock has a fifty day simple moving average of $11.55 and a two-hundred day simple moving average of $11.41.

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.