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Enphys Acquisition Corp. (NYSE: NFYS) Surprises Bears, Looks Strong Going Forward

In the latest trading session, 7.41 million Enphys Acquisition Corp. (NYSE:NFYS) shares changed hands as the company’s beta touched -0.01. With the company’s most recent per share price at $10.50 changing hands around $0.01 or 0.10% at last look, the market valuation stands at $452.87M. NFYS’s current price is a discount, trading about -0.95% off its 52-week high of $10.60. The share price had its 52-week low at $9.67, which suggests the last value was 7.9% up since then. When we look at Enphys Acquisition Corp.’s average trading volume, we note the 10-day average is 40640.0 shares, with the 3-month average coming to 76.38K.

Enphys Acquisition Corp. (NYSE:NFYS) trade information

Instantly NFYS is in green as seen in intraday trades today. With action 0.19%, the performance over the past five days has been green. The jump to weekly highs of 10.54 on Monday, 09/18/23 added 0.10% to the stock’s daily price. The company’s shares are showing year-to-date upside of 4.69%, with the 5-day performance at 0.19% in the green. However, in the 30-day time frame, Enphys Acquisition Corp. (NYSE:NFYS) is 0.48% up. Looking at the short shares, we see there were 3360.0 shares sold at short interest cover period of 0.37 days.

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NFYS Dividends

Enphys Acquisition Corp. is expected to release its next quarterly earnings report in October.

Enphys Acquisition Corp. (NYSE:NFYS)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 3.76% of Enphys Acquisition Corp. shares while 98.12% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 101.95%. There are 98.12% institutions holding the Enphys Acquisition Corp. stock share, with Cantor Fitzgerald, L. P. the top institutional holder. As of Jun 29, 2023, the company held 8.20% of the shares, roughly 2.83 million NFYS shares worth $29.73 million.

Fir Tree Capital Management Lp holds the second largest percentage of outstanding shares, with 7.48% or 2.58 million shares worth $27.14 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Investment Managers Ser Tr II-First Trust Merger Arbitrage Fd and Merger Fund, The. With 1.46 million shares estimated at $15.35 million under it, the former controlled 4.23% of total outstanding shares. On the other hand, Merger Fund, The held about 4.01% of the shares, roughly 1.38 million shares worth around $14.53 million.

On Key

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