FingerMotion, Inc. (NASDAQ:FNGR) Sees Large Increase in Short Interest

by · The Cerbat Gem

FingerMotion, Inc. (NASDAQ:FNGR – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 1,720,000 shares, a growth of 18.6% from the August 15th total of 1,450,000 shares. Based on an average daily trading volume, of 268,300 shares, the short-interest ratio is presently 6.4 days. Approximately 4.6% of the company’s stock are sold short.

Institutional Investors Weigh In On FingerMotion

Large investors have recently bought and sold shares of the business. Ground Swell Capital LLC purchased a new stake in shares of FingerMotion during the 2nd quarter valued at about $35,000. Simplicity Wealth LLC bought a new position in FingerMotion during the first quarter valued at approximately $36,000. Bleakley Financial Group LLC boosted its holdings in FingerMotion by 70.0% in the first quarter. Bleakley Financial Group LLC now owns 17,000 shares of the company’s stock worth $36,000 after purchasing an additional 7,000 shares during the last quarter. XTX Topco Ltd bought a new stake in FingerMotion in the 2nd quarter worth approximately $42,000. Finally, Delta Financial Group Inc. raised its stake in FingerMotion by 107.0% during the 1st quarter. Delta Financial Group Inc. now owns 32,700 shares of the company’s stock valued at $69,000 after buying an additional 16,900 shares during the last quarter. 3.90% of the stock is currently owned by institutional investors.

FingerMotion Stock Up 0.4 %

Shares of NASDAQ FNGR traded up $0.01 during midday trading on Tuesday, hitting $2.34. The stock had a trading volume of 139,957 shares, compared to its average volume of 308,696. The company has a market cap of $123.35 million, a P/E ratio of -29.25 and a beta of -1.01. The business’s 50 day moving average is $2.07 and its 200-day moving average is $2.53. FingerMotion has a 52 week low of $1.63 and a 52 week high of $7.37.

FingerMotion (NASDAQ:FNGR – Get Free Report) last issued its earnings results on Friday, June 28th. The company reported ($0.03) EPS for the quarter. The business had revenue of $8.37 million for the quarter. FingerMotion had a negative net margin of 12.96% and a negative return on equity of 31.97%.

FingerMotion Company Profile

(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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