Fundamental Global Inc. (NASDAQ:FGF) Sees Significant Increase in Short Interest

Fundamental Global Inc. (NASDAQ:FGF) was the target of a large increase in short interest in November. As of November 15th, there was short interest totalling 113,200 shares, an increase of 1,696.8% from the October 31st total of 6,300 shares. Based on an average daily volume of 17,000 shares, the short-interest ratio is presently 6.7 days. Approximately 10.0% of the company’s stock are sold short.

Fundamental Global Stock Performance

Shares of NASDAQ:FGF traded up $0.04 during mid-day trading on Wednesday, reaching $32.00. 8,256 shares of the company traded hands, compared to its average volume of 6,024. The company’s 50 day moving average price is $24.35 and its 200-day moving average price is $25.44. Fundamental Global has a 52 week low of $14.21 and a 52 week high of $40.75. The firm has a market cap of $40.32 million, a PE ratio of 24.40 and a beta of 0.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.11 and a quick ratio of 1.11.

About Fundamental Global

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.