Portage Fintech Acquisition Co. (NASDAQ:PFTA) Sees Large Decrease in Short Interest

Portage Fintech Acquisition Co. (NASDAQ:PFTA – Get Rating) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totalling 6,600 shares, a decrease of 13.2% from the September 30th total of 7,600 shares. Based on an average daily volume of 66,300 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Trading of Portage Fintech Acquisition

A number of hedge funds and other institutional investors have recently modified their holdings of PFTA. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Portage Fintech Acquisition during the first quarter valued at $214,000. Apollo Management Holdings L.P. purchased a new position in Portage Fintech Acquisition during the first quarter valued at $981,000. Radcliffe Capital Management L.P. purchased a new position in Portage Fintech Acquisition during the first quarter valued at $1,123,000. SkyView Investment Advisors LLC purchased a new position in Portage Fintech Acquisition during the first quarter valued at $1,850,000. Finally, Cantor Fitzgerald L. P. grew its stake in Portage Fintech Acquisition by 98.6% during the first quarter. Cantor Fitzgerald L. P. now owns 201,200 shares of the company’s stock valued at $1,974,000 after acquiring an additional 99,900 shares in the last quarter. 46.31% of the stock is owned by hedge funds and other institutional investors.

Portage Fintech Acquisition Price Performance

Shares of NASDAQ PFTA opened at $9.90 on Friday. The firm has a fifty day moving average price of $9.82 and a 200-day moving average price of $9.76. Portage Fintech Acquisition has a 1 year low of $9.60 and a 1 year high of $10.00.

Portage Fintech Acquisition Company Profile

(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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