FingerMotion, Inc. (NASDAQ:FNGR - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 2,550,000 shares, an increase of 25.6% from the March 15th total of 2,030,000 shares. Currently, 6.1% of the company's stock are sold short. Based on an average daily volume of 240,900 shares, the short-interest ratio is currently 10.6 days.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. XTX Topco Ltd boosted its holdings in FingerMotion by 102.5% during the third quarter. XTX Topco Ltd now owns 33,531 shares of the company's stock worth $73,000 after buying an additional 16,970 shares in the last quarter. Virtu Financial LLC boosted its position in FingerMotion by 66.6% during the third quarter. Virtu Financial LLC now owns 38,439 shares of the company's stock worth $84,000 after purchasing an additional 15,360 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in FingerMotion by 43.1% in the fourth quarter. Bleakley Financial Group LLC now owns 73,000 shares of the company's stock valued at $88,000 after purchasing an additional 22,000 shares during the period. Finally, Anson Funds Management LP purchased a new position in shares of FingerMotion during the 4th quarter valued at approximately $871,000. 3.90% of the stock is owned by institutional investors and hedge funds.
FingerMotion Stock Performance
FNGR stock traded up $0.10 on Thursday, hitting $1.68. 69,370 shares of the company's stock were exchanged, compared to its average volume of 270,393. The firm has a 50 day moving average price of $1.35 and a two-hundred day moving average price of $1.56. FingerMotion has a 12-month low of $1.03 and a 12-month high of $3.96. The stock has a market cap of $95.77 million, a P/E ratio of -16.70 and a beta of -0.76.
About FingerMotion
(
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FingerMotion, Inc, a mobile data specialist company, provides mobile payment and recharge platform system in China. The company offers telecommunication products and services, including data plans, subscription plans, mobile phones, and loyalty points redemption services; bulk short message service and multimedia messaging services; and Rich Communication Services (RCS) platform, a proprietary business messaging platform that enables businesses and brands to communicate and service their customers on the 5G infrastructure.
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