Fintech Ecosystem Development Corp. (NASDAQ:FEXD – Get Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 2,600 shares, an increase of 18.2% from the August 15th total of 2,200 shares. Based on an average trading volume of 9,500 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.
Fintech Ecosystem Development Price Performance
Shares of NASDAQ:FEXD opened at $10.60 on Tuesday. The firm’s 50 day moving average price is $10.68 and its 200 day moving average price is $10.59. Fintech Ecosystem Development has a fifty-two week low of $10.04 and a fifty-two week high of $11.00.
Insider Activity at Fintech Ecosystem Development
In related news, major shareholder Mizuho Securities Usa Llc sold 201,537 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $10.71, for a total value of $2,158,461.27. Following the sale, the insider now owns 282,000 shares of the company’s stock, valued at $3,020,220. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Institutional Trading of Fintech Ecosystem Development
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.
- Five stocks we like better than Fintech Ecosystem Development
- Energy and Oil Stocks Explained
- 2 Recession-Proof Intelligence Stocks to Defend Your Portfolio
- How to Invest in Cannabis, Step by Step
- 5 Reasons Mullen Automotive is About to Turn a Corner
- Investing in Blue-Chip Stocks
- Qualcomm and Apple Forge Ahead with New Modem Partnership
Receive News & Ratings for Fintech Ecosystem Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fintech Ecosystem Development and related companies with MarketBeat.com's FREE daily email newsletter.