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

FingerMotion, Inc. (NASDAQ:FNGR - Get Free Report) was the recipient of a large decrease in short interest in 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. Approximately 3.3% of the shares of the company are short sold. Based on an average trading volume of 686,900 shares, the short-interest ratio is presently 2.0 days.

Institutional Trading of FingerMotion

Large investors have recently bought and sold shares of the company. Kingsview Wealth Management LLC purchased a new position in shares of FingerMotion during the 1st quarter valued at $30,000. Virtu Financial LLC raised its stake in FingerMotion by 34.5% in the 4th quarter. Virtu Financial LLC now owns 51,694 shares of the company's stock valued at $62,000 after acquiring an additional 13,255 shares during the period. CW Advisors LLC purchased a new stake in FingerMotion during the first quarter valued at about $107,000. Finally, Anson Funds Management LP bought a new position in FingerMotion during the fourth quarter worth about $871,000. 3.90% of the stock is owned by hedge funds and other institutional investors.

FingerMotion Trading Down 4.0%

Shares of FNGR stock traded down $0.09 during trading hours on Tuesday, hitting $2.14. 171,044 shares of the company were exchanged, compared to its average volume of 371,547. FingerMotion has a 52-week low of $1.03 and a 52-week high of $5.20. The firm has a fifty day simple moving average of $2.64 and a 200 day simple moving average of $1.83. The stock has a market capitalization of $123.22 million, a price-to-earnings ratio of -21.40 and a beta of -0.72.

About FingerMotion

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.