Financial Strategies Acquisition Corp. (NASDAQ:FXCOW – Get Rating) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 9,500 shares, a drop of 7.8% from the February 13th total of 10,300 shares. Based on an average daily trading volume, of 30,800 shares, the days-to-cover ratio is currently 0.3 days.

Financial Strategies Acquisition Stock Performance

Shares of NASDAQ:FXCOW remained flat at $0.04 during mid-day trading on Wednesday. The company had a trading volume of 2,100 shares, compared to its average volume of 39,553. Financial Strategies Acquisition has a 1-year low of $0.00 and a 1-year high of $0.17. The stock's 50-day moving average price is $0.03 and its 200 day moving average price is $0.03.

Institutional Investors Weigh In On Financial Strategies Acquisition

Hedge funds have recently modified their holdings of the stock. Rivernorth Capital Management LLC purchased a new stake in shares of Financial Strategies Acquisition during the 1st quarter valued at about $26,000. Polar Asset Management Partners Inc. purchased a new stake in Financial Strategies Acquisition during the 1st quarter worth approximately $51,000. Saba Capital Management L.P. purchased a new stake in Financial Strategies Acquisition during the 1st quarter worth approximately $74,000. Ramius Advisors LLC purchased a new stake in Financial Strategies Acquisition during the 2nd quarter worth approximately $91,000. Finally, EHP Funds Inc. purchased a new stake in Financial Strategies Acquisition during the 1st quarter worth approximately $117,000.

About Financial Strategies Acquisition

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Financial Strategies Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. The company focuses on identifying businesses in the financial technology and financial services sector.

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