FIGX Capital Acquisition Corp. (NASDAQ:FIGX) Stock Short Interest Report for October

Key Points

• Short interest surged 361.5% to 120 shares as of October 15, up from 26 shares at the end of September. Despite the increase, short interest represents approximately 0.0% of shares outstanding.
• FIGX remains viewed negatively by analysts: Weiss Ratings upgraded the stock slightly from “sell (d-)” to “sell (d),” while the sole covering analyst maintains a Sell rating.
• Shares opened at $10.37, near the 52-week high of $10.38. Separately, Sona Asset Management initiated a 107,945-share position valued at approximately $1.09 million.

FIGX Capital Acquisition Corp. (NASDAQ:FIGX - Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 120 shares, a growth of 361.5% from the September 30th total of 26 shares. Based on an average daily volume of 5,796 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded FIGX Capital Acquisition from a "sell (d-)" rating to a "sell (d)" rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has a consensus rating of "Sell".

FIGX Capital Acquisition Stock Performance

Shares of NASDAQ:FIGX opened at $10.37 on Wednesday. FIGX Capital Acquisition has a 52 week low of $10.01 and a 52 week high of $10.38. The company has a 50-day moving average price of $10.34 and a 200 day moving average price of $10.23.

FIGX Capital Acquisition (NASDAQ:FIGX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.06 earnings per share for the quarter.

Institutional Trading of FIGX Capital Acquisition

An institutional investor recently bought a new stake in FIGX Capital Acquisition stock. Sona Asset Management US LLC bought a new stake in FIGX Capital Acquisition Corp. (NASDAQ:FIGX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 107,945 shares of the company's stock, valued at approximately $1,090,000. Sona Asset Management US LLC owned 0.56% of FIGX Capital Acquisition as of its most recent filing with the Securities & Exchange Commission.

FIGX Capital Acquisition Company Profile

FIGX Capital Acquisition Corp. is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination with one or more operating businesses through a merger, acquisition, share exchange, asset acquisition, reorganization, or similar transaction.

Unlike an operating company, FIGX Capital Acquisition Corp. does not appear to provide products or services directly to customers. Its principal activities are focused on raising capital, evaluating potential acquisition targets, and completing a qualifying transaction.

Publicly available information about the company's operating history, geographic activities, leadership team, and any completed business combination is limited.

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