FingerMotion, Inc. (NASDAQ:FNGR - Get Free Report) saw a significant decrease in short interest during the month of May. As of May 31st, there was short interest totalling 1,380,000 shares, a decrease of 57.8% from the May 15th total of 3,270,000 shares. Based on an average daily volume of 686,900 shares, the days-to-cover ratio is currently 2.0 days. Approximately 3.3% of the shares of the company are short sold.
FingerMotion Price Performance
NASDAQ:FNGR traded down $0.06 during mid-day trading on Friday, hitting $2.11. The company's stock had a trading volume of 349,786 shares, compared to its average volume of 372,337. FingerMotion has a 1 year low of $1.03 and a 1 year high of $5.20. The stock has a market cap of $121.50 million, a price-to-earnings ratio of -21.10 and a beta of -0.72. The business's fifty day moving average is $2.62 and its two-hundred day moving average is $1.83.
Institutional Investors Weigh In On FingerMotion
Several hedge funds have recently added to or reduced their stakes in the business. Anson Funds Management LP purchased a new stake in shares of FingerMotion during the 4th quarter worth about $871,000. Virtu Financial LLC boosted its stake in shares of FingerMotion by 34.5% during the 4th quarter. Virtu Financial LLC now owns 51,694 shares of the company's stock worth $62,000 after acquiring an additional 13,255 shares in the last quarter. CW Advisors LLC purchased a new stake in shares of FingerMotion during the 1st quarter worth about $107,000. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of FingerMotion during the 1st quarter worth about $30,000. 3.90% of the stock is owned by hedge funds and other institutional investors.
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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