Portage Fintech Acquisition Co. (NASDAQ:PFTA – Get Rating) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 5,000 shares, a decrease of 24.2% from the October 15th total of 6,600 shares. Based on an average daily trading volume, of 99,500 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company's shares are sold short.
Hedge Funds Weigh In On Portage Fintech Acquisition
Hedge funds and other institutional investors have recently modified their holdings of the stock. Calamos Advisors LLC purchased a new position in shares of Portage Fintech Acquisition in the 3rd quarter worth about $4,258,000. HGC Investment Management Inc. bought a new stake in shares of Portage Fintech Acquisition during the second quarter valued at approximately $430,000. Parallax Volatility Advisers L.P. purchased a new position in Portage Fintech Acquisition in the 2nd quarter worth approximately $845,000. Aristeia Capital LLC purchased a new stake in Portage Fintech Acquisition during the 2nd quarter valued at $429,000. Finally, CSS LLC IL bought a new stake in shares of Portage Fintech Acquisition in the 2nd quarter worth $4,266,000. Hedge funds and other institutional investors own 46.31% of the company's stock.
Get Portage Fintech Acquisition alerts:Portage Fintech Acquisition Price Performance
NASDAQ:PFTA remained flat at $9.94 during trading hours on Friday. 89,821 shares of the company traded hands, compared to its average volume of 174,899. Portage Fintech Acquisition has a twelve month low of $9.60 and a twelve month high of $10.00. The company's 50 day simple moving average is $9.85 and its 200-day simple moving average is $9.77.
About Portage Fintech Acquisition
(Get Rating)Portage Fintech Acquisition Corporation intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities in the financial technology or financial services ecosystem. The company was incorporated in 2021 and is based in New York, New York.
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