Fintech Ecosystem Development Corp. (NASDAQ:FEXD) Short Interest Update

Fintech Ecosystem Development Corp. (NASDAQ:FEXD) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 13,400 shares, a growth of 59.5% from the February 29th total of 8,400 shares. Based on an average daily volume of 26,900 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are sold short.

Fintech Ecosystem Development Stock Performance

Shares of NASDAQ FEXD remained flat at $11.00 during midday trading on Friday. The stock had a trading volume of 149,779 shares, compared to its average volume of 52,116. Fintech Ecosystem Development has a twelve month low of $10.48 and a twelve month high of $11.00. The stock’s 50-day moving average price is $10.85 and its two-hundred day moving average price is $10.75.

Hedge Funds Weigh In On Fintech Ecosystem Development

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Shaolin Capital Management LLC raised its holdings in shares of Fintech Ecosystem Development by 201.6% during the third quarter. Shaolin Capital Management LLC now owns 228,701 shares of the company’s stock valued at $2,427,000 after buying an additional 453,701 shares during the last quarter. Westchester Capital Management LLC grew its position in Fintech Ecosystem Development by 29.8% during the 4th quarter. Westchester Capital Management LLC now owns 196,028 shares of the company’s stock worth $2,099,000 after purchasing an additional 45,000 shares in the last quarter. Clear Street LLC grew its position in Fintech Ecosystem Development by 362.7% during the 4th quarter. Clear Street LLC now owns 162,240 shares of the company’s stock worth $1,751,000 after purchasing an additional 127,179 shares in the last quarter. Millennium Management LLC grew its position in Fintech Ecosystem Development by 427.6% during the 2nd quarter. Millennium Management LLC now owns 160,931 shares of the company’s stock worth $1,613,000 after purchasing an additional 130,431 shares in the last quarter. Finally, Glazer Capital LLC purchased a new position in shares of Fintech Ecosystem Development during the 1st quarter valued at $1,472,000.

Fintech Ecosystem Development Company Profile

Fintech Ecosystem Development Corp. does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to acquire companies in the financial technology development sector in South Asia.