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FingerMotion, Inc. (NASDAQ:FNGR) Sees Significant Growth in Short Interest

FingerMotion logo with Business Services background

FingerMotion, Inc. (NASDAQ:FNGR - Get Free Report) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,310,000 shares, an increase of 9.2% from the January 15th total of 1,200,000 shares. Based on an average daily volume of 299,000 shares, the short-interest ratio is presently 4.4 days. Approximately 3.1% of the shares of the company are sold short.

FingerMotion Price Performance

FingerMotion stock traded up $0.16 during midday trading on Thursday, reaching $1.30. 568,908 shares of the company traded hands, compared to its average volume of 221,336. The firm has a market capitalization of $74.28 million, a price-to-earnings ratio of -13.00 and a beta of -0.77. The business has a 50 day moving average of $1.31 and a two-hundred day moving average of $1.79. FingerMotion has a 12 month low of $1.03 and a 12 month high of $3.96.

FingerMotion (NASDAQ:FNGR - Get Free Report) last issued its quarterly earnings data on Tuesday, January 14th. The company reported ($0.03) earnings per share for the quarter. FingerMotion had a negative net margin of 16.14% and a negative return on equity of 51.57%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Anson Funds Management LP bought a new position in FingerMotion in the fourth quarter worth approximately $871,000. Bleakley Financial Group LLC raised its position in FingerMotion by 43.1% in the fourth quarter. Bleakley Financial Group LLC now owns 73,000 shares of the company's stock worth $88,000 after acquiring an additional 22,000 shares during the period. Virtu Financial LLC raised its position in FingerMotion by 34.5% in the fourth quarter. Virtu Financial LLC now owns 51,694 shares of the company's stock worth $62,000 after acquiring an additional 13,255 shares during the period. Finally, XTX Topco Ltd increased its stake in shares of FingerMotion by 102.5% in the third quarter. XTX Topco Ltd now owns 33,531 shares of the company's stock worth $73,000 after purchasing an additional 16,970 shares in the last quarter. 3.90% of the stock is currently owned by institutional investors.

About FingerMotion

(Get Free Report)

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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