FingerMotion, Inc. (NASDAQ:FNGR - Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 1,590,000 shares, a growth of 7.4% from the September 30th total of 1,480,000 shares. Based on an average trading volume of 215,100 shares, the short-interest ratio is currently 7.4 days. Approximately 4.2% of the company's stock are short sold.
FingerMotion Stock Down 1.6 %
FNGR traded down $0.03 on Friday, reaching $1.85. The company's stock had a trading volume of 112,218 shares, compared to its average volume of 286,258. The company has a market capitalization of $99.55 million, a price-to-earnings ratio of -16.82 and a beta of -1.02. FingerMotion has a fifty-two week low of $1.63 and a fifty-two week high of $5.78. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $2.12 and a two-hundred day moving average of $2.45.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of FNGR. Bleakley Financial Group LLC lifted its position in FingerMotion by 70.0% in the first quarter. Bleakley Financial Group LLC now owns 17,000 shares of the company's stock valued at $36,000 after acquiring an additional 7,000 shares during the last quarter. Ground Swell Capital LLC purchased a new stake in shares of FingerMotion in the 2nd quarter valued at about $35,000. XTX Topco Ltd acquired a new stake in shares of FingerMotion in the 2nd quarter valued at about $42,000. Simplicity Wealth LLC grew its stake in FingerMotion by 123.5% during the 2nd quarter. Simplicity Wealth LLC now owns 38,000 shares of the company's stock worth $97,000 after buying an additional 21,000 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in FingerMotion during the second quarter worth approximately $105,000. Institutional investors and hedge funds own 3.90% of the company's stock.
FingerMotion Company Profile
(
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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.
Further Reading
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