Finnovate Acquisition Corp. (NASDAQ:FNVTW) Sees Large Decrease in Short Interest

Finnovate Acquisition Corp. (NASDAQ:FNVTW) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 22,500 shares, a decrease of 10.7% from the July 15th total of 25,200 shares. Based on an average trading volume of 21,000 shares, the short-interest ratio is currently 1.1 days.

Finnovate Acquisition Stock Performance

Shares of NASDAQ FNVTW remained flat at $0.02 during trading hours on Tuesday. The firm’s 50-day moving average is $0.02 and its 200-day moving average is $0.02. Finnovate Acquisition has a 12 month low of $0.01 and a 12 month high of $0.10.

About Finnovate Acquisition

Finnovate Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. It intends to focus on the acquisition of Israel-related companies, including companies focused on payments, insuretech, wealthtech, regtech, digital banking, fintech as a service, banking as a service, cyber area for financial institutions, blockchain and crypto, algo-trading and exchanges, and lending and credit line platforms.