Alfi, Inc. (NASDAQ:ALF) Sees Significant Increase in Short Interest

Alfi, Inc. (NASDAQ:ALF) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 880,900 shares, an increase of 158.6% from the September 15th total of 340,600 shares. Approximately 10.7% of the company’s stock are sold short. Based on an average daily trading volume, of 3,700,000 shares, the days-to-cover ratio is presently 0.2 days.

Several institutional investors and hedge funds have recently made changes to their positions in ALF. Bank of Montreal Can acquired a new position in shares of Alfi during the 2nd quarter worth $181,000. Vanguard Group Inc. acquired a new position in shares of Alfi during the 2nd quarter worth $3,428,000. Geode Capital Management LLC acquired a new position in shares of Alfi during the 2nd quarter worth $432,000. Morgan Stanley acquired a new position in shares of Alfi during the 2nd quarter worth $169,000. Finally, Virtu Financial LLC acquired a new position in shares of Alfi during the 2nd quarter worth $983,000. Institutional investors own 2.96% of the company’s stock.

Shares of ALF opened at $5.85 on Thursday. The business’s fifty day simple moving average is $7.74. Alfi has a 12 month low of $2.41 and a 12 month high of $22.50.

About Alfi

Alfi, Inc provides interactive intelligent artificial intelligence and machine learning software solutions. Alfi, Inc was formerly known as Lectrefy, Inc and changed its name to Alfi, Inc in January 2020. The company was founded in 2018 and is based in Miami Beach, Florida.

Featured Article: Should You Consider an Index Fund?

Receive News & Ratings for Alfi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alfi and related companies with MarketBeat.com's FREE daily email newsletter.