Short Interest in Fundamental Global Inc. (NASDAQ:FGF) Declines By 36.0%

Fundamental Global Inc. (NASDAQ:FGF) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 57,700 shares, a drop of 36.0% from the September 30th total of 90,100 shares. Based on an average daily trading volume, of 27,000 shares, the days-to-cover ratio is presently 2.1 days.

Fundamental Global Stock Performance

Fundamental Global stock traded up $0.23 on Tuesday, hitting $1.16. The company’s stock had a trading volume of 572,293 shares, compared to its average volume of 41,055. The company has a fifty day moving average price of $0.99 and a 200-day moving average price of $1.07. The firm has a market cap of $33.36 million, a P/E ratio of -23.20 and a beta of 0.56. Fundamental Global has a one year low of $0.83 and a one year high of $1.76. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.01.

Fundamental Global (NASDAQ:FGF) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.22) earnings per share for the quarter. Fundamental Global had a negative net margin of 14.29% and a negative return on equity of 16.00%. The company had revenue of $7.87 million during the quarter.

Fundamental Global Company Profile

Fundamental Global Inc engages in reinsurance, merchant banking, and asset management business. The company offers initial public offering services. It also offers specialty property and casualty reinsurance services. In addition, the company provides investment advisory services. The company was formerly known as Ballantyne Strong, Inc and changed its name to FG Group Holdings Inc in December 2022.