ExcelFin Acquisition Corp. (NASDAQ:XFIN) Sees Significant Drop in Short Interest

ExcelFin Acquisition Corp. (NASDAQ:XFIN) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 600 shares, a decline of 86.4% from the March 31st total of 4,400 shares. Based on an average daily volume of 14,800 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Mizuho Securities USA LLC boosted its stake in ExcelFin Acquisition by 5.5% during the fourth quarter. Mizuho Securities USA LLC now owns 353,307 shares of the company’s stock worth $3,763,000 after buying an additional 18,307 shares during the last quarter. Cowen AND Company LLC purchased a new stake in shares of ExcelFin Acquisition in the third quarter valued at about $314,000. Westchester Capital Management LLC increased its position in ExcelFin Acquisition by 33.1% during the third quarter. Westchester Capital Management LLC now owns 201,000 shares of the company’s stock worth $2,139,000 after purchasing an additional 50,000 shares during the last quarter. K2 Principal Fund L.P. purchased a new position in ExcelFin Acquisition during the fourth quarter worth about $551,000. Finally, Deutsche Bank AG acquired a new position in ExcelFin Acquisition in the 3rd quarter valued at about $561,000. 19.78% of the stock is currently owned by institutional investors and hedge funds.

ExcelFin Acquisition Price Performance

ExcelFin Acquisition stock opened at $11.09 on Friday. ExcelFin Acquisition has a 52-week low of $10.24 and a 52-week high of $11.10. The company has a fifty day simple moving average of $10.91 and a 200-day simple moving average of $10.78.

ExcelFin Acquisition Company Profile

ExcelFin Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Fort Mill, South Carolina.