Short Interest in Fintech Ecosystem Development Corp. (NASDAQ:FEXD) Decreases By 7.5%

Fintech Ecosystem Development Corp. (NASDAQ:FEXD) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 12,400 shares, a drop of 7.5% from the March 15th total of 13,400 shares. Based on an average daily volume of 28,800 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s shares are short sold.

Fintech Ecosystem Development Stock Performance

Fintech Ecosystem Development stock remained flat at $11.04 during midday trading on Tuesday. 357 shares of the company traded hands, compared to its average volume of 48,224. Fintech Ecosystem Development has a 52-week low of $10.49 and a 52-week high of $11.04. The stock’s fifty day moving average price is $10.89 and its 200-day moving average price is $10.78.

Institutional Investors Weigh In On Fintech Ecosystem Development

Institutional investors have recently made changes to their positions in the stock. Westchester Capital Management LLC grew its holdings in shares of Fintech Ecosystem Development by 29.8% in the fourth quarter. Westchester Capital Management LLC now owns 196,028 shares of the company’s stock valued at $2,099,000 after purchasing an additional 45,000 shares in the last quarter. Clear Street LLC boosted its stake in shares of Fintech Ecosystem Development by 362.7% during the fourth quarter. Clear Street LLC now owns 162,240 shares of the company’s stock worth $1,751,000 after buying an additional 127,179 shares during the period. BCK Capital Management LP purchased a new position in shares of Fintech Ecosystem Development during the fourth quarter worth about $401,000. Shaolin Capital Management LLC raised its stake in Fintech Ecosystem Development by 201.6% during the 3rd quarter. Shaolin Capital Management LLC now owns 228,701 shares of the company’s stock valued at $2,427,000 after acquiring an additional 453,701 shares during the last quarter. Finally, Tuttle Capital Management LLC purchased a new stake in shares of Fintech Ecosystem Development during the third quarter worth approximately $159,000.

About Fintech Ecosystem Development

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.