FingerMotion, Inc. (NASDAQ:FNGR - Get Free Report) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 1,700,000 shares, an increase of 6.9% from the October 15th total of 1,590,000 shares. Currently, 4.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 212,200 shares, the short-interest ratio is currently 8.0 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in FNGR. Marshall Wace LLP acquired a new stake in FingerMotion in the 2nd quarter valued at about $105,000. Simplicity Wealth LLC grew its position in shares of FingerMotion by 123.5% in the second quarter. Simplicity Wealth LLC now owns 38,000 shares of the company's stock valued at $97,000 after purchasing an additional 21,000 shares during the last quarter. XTX Topco Ltd increased its stake in shares of FingerMotion by 102.5% during the 3rd 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. Ground Swell Capital LLC acquired a new position in shares of FingerMotion during the 2nd quarter worth approximately $35,000. Finally, Bleakley Financial Group LLC lifted its stake in FingerMotion by 34.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 51,000 shares of the company's stock valued at $111,000 after buying an additional 13,000 shares in the last quarter. Institutional investors and hedge funds own 3.90% of the company's stock.
FingerMotion Price Performance
FNGR traded down $0.07 on Tuesday, hitting $1.91. 125,465 shares of the company were exchanged, compared to its average volume of 279,619. The business's fifty day moving average is $2.07 and its 200 day moving average is $2.33. FingerMotion has a fifty-two week low of $1.63 and a fifty-two week high of $4.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market capitalization of $102.78 million, a P/E ratio of -17.36 and a beta of -0.97.
FingerMotion (NASDAQ:FNGR - Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $8.46 million during the quarter. FingerMotion had a negative net margin of 18.29% and a negative return on equity of 49.46%.
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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