L&F Acquisition Corp. (NYSE:LNFA) Sees Large Increase in Short Interest

L&F Acquisition Corp. (NYSE:LNFA) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 4,100 shares, an increase of 173.3% from the September 15th total of 1,500 shares. Based on an average daily volume of 21,500 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LNFA. Morgan Stanley increased its position in shares of L&F Acquisition by 123.8% during the 1st quarter. Morgan Stanley now owns 6,500 shares of the company’s stock valued at $64,000 after purchasing an additional 3,595 shares during the last quarter. HighTower Advisors LLC bought a new position in shares of L&F Acquisition during the 1st quarter valued at approximately $99,000. State Street Corp bought a new position in shares of L&F Acquisition during the 2nd quarter valued at approximately $103,000. Goldman Sachs Group Inc. bought a new position in shares of L&F Acquisition during the 1st quarter valued at approximately $107,000. Finally, Centiva Capital LP bought a new position in shares of L&F Acquisition during the 1st quarter valued at approximately $115,000. 67.75% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE LNFA remained flat at $$10.01 during trading hours on Thursday. The stock had a trading volume of 9 shares, compared to its average volume of 8,842. The firm’s 50 day moving average is $9.97 and its 200 day moving average is $9.96. L&F Acquisition has a 52-week low of $9.58 and a 52-week high of $10.70.

L&F Acquisition Company Profile

L&F 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 in the governance, risk, and compliance and legal technology and software sectors.

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