Longfin Corp (NASDAQ:LFIN) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 991,874 shares, an increase of 67.1% from the February 28th total of 593,469 shares. Approximately 14.6% of the company’s stock are sold short. Based on an average daily trading volume, of 330,747 shares, the days-to-cover ratio is currently 3.0 days.
Shares of NASDAQ:LFIN opened at $17.26 on Friday. Longfin has a twelve month low of $4.69 and a twelve month high of $142.82.
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Longfin Corp is a finance and technology company. The Company is focused on providing trade finance solutions and physical commodities finance solutions for finance houses and trading platforms for North America, South America and Africa regions. The Company’s business model includes importer and exporter financing, financial institution intermediation, insurance backed trade financing, and Carry trade finance with FX solutions.
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