FingerMotion, Inc. (NASDAQ:FNGR) Short Interest Update

FingerMotion, Inc. (NASDAQ:FNGR) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 1,590,000 shares, an increase of 7.4% from the September 30th total of 1,480,000 shares. Currently, 4.2% of the company’s stock are short sold. Based on an average daily trading volume, of 215,100 shares, the days-to-cover ratio is presently 7.4 days.

Institutional Trading of FingerMotion

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ground Swell Capital LLC acquired a new position in shares of FingerMotion during the second quarter valued at about $35,000. XTX Topco Ltd acquired a new position in FingerMotion in the second quarter worth about $42,000. Bleakley Financial Group LLC raised its holdings in shares of FingerMotion by 70.0% in the 1st quarter. Bleakley Financial Group LLC now owns 17,000 shares of the company’s stock worth $36,000 after buying an additional 7,000 shares in the last quarter. Simplicity Wealth LLC boosted its stake in shares of FingerMotion by 123.5% in the 2nd 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 in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of FingerMotion during the second quarter worth approximately $105,000. Institutional investors and hedge funds own 3.90% of the company’s stock.

FingerMotion Stock Down 0.6 %

FNGR traded down $0.01 during trading on Friday, reaching $1.87. 109,646 shares of the stock traded hands, compared to its average volume of 286,239. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.48 and a quick ratio of 1.48. FingerMotion has a fifty-two week low of $1.63 and a fifty-two week high of $5.78. The stock’s 50-day simple moving average is $2.13 and its two-hundred day simple moving average is $2.46. The stock has a market cap of $100.55 million, a price-to-earnings ratio of -17.00 and a beta of -1.02.

FingerMotion Company Profile

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.