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

FingerMotion, Inc. (NASDAQ:FNGR) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 1,590,000 shares, a growth of 7.4% from the September 30th total of 1,480,000 shares. Based on an average daily volume of 215,100 shares, the short-interest ratio is currently 7.4 days. Approximately 4.2% of the shares of the stock are short sold.

Institutional Trading of FingerMotion

Hedge funds have recently modified their holdings of the company. Ground Swell Capital LLC bought a new stake in FingerMotion in the second quarter valued at approximately $35,000. XTX Topco Ltd bought a new position in FingerMotion in the second quarter valued at approximately $42,000. Bleakley Financial Group LLC boosted its holdings in shares of FingerMotion by 70.0% in the first quarter. Bleakley Financial Group LLC now owns 17,000 shares of the company’s stock valued at $36,000 after buying an additional 7,000 shares during the period. Simplicity Wealth LLC increased its position in shares of FingerMotion by 123.5% during the second quarter. Simplicity Wealth LLC now owns 38,000 shares of the company’s stock worth $97,000 after acquiring 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 $105,000. 3.90% of the stock is currently owned by institutional investors and hedge funds.

FingerMotion Trading Down 0.6 %

Shares of FNGR stock traded down $0.01 on Friday, reaching $1.87. 109,646 shares of the stock were exchanged, 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 one year low of $1.63 and a one year high of $5.78. The stock has a market cap of $100.55 million, a PE ratio of -17.00 and a beta of -1.02. The stock has a 50 day moving average price of $2.13 and a 200 day moving average price of $2.46.

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.