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

Key Points

• Short interest plunged 85.5% in September, falling from 179 shares to 26 shares as of September 30. Short interest represented 0.0% of shares outstanding, with a days-to-cover ratio of 0.0.
• FIGX shares were up 0.4% at $10.37, near the company’s 52-week high of $10.38. The company reported quarterly EPS of $0.06.
• Institutional investors including Magnetar Financial, Radcliffe Capital Management, Mint Tower Capital Management, and Sona Asset Management recently bought or increased positions, while analysts maintained a consensus “Sell” rating.

FIGX Capital Acquisition Corp. (NASDAQ:FIGX - Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 26 shares, a drop of 85.5% from the September 15th total of 179 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 47,450 shares, the days-to-cover ratio is presently 0.0 days.

FIGX Capital Acquisition Stock Up 0.4%

Shares of FIGX Capital Acquisition stock opened at $10.37 on Friday. FIGX Capital Acquisition has a 1-year low of $10.01 and a 1-year high of $10.38. The business's fifty day moving average price is $10.32 and its two-hundred day moving average price is $10.25.

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

Hedge Funds Weigh In On FIGX Capital Acquisition

A number of institutional investors and hedge funds have recently bought and sold shares of FIGX. Magnetar Financial LLC acquired a new position in FIGX Capital Acquisition during the 4th quarter valued at about $5,030,000. Radcliffe Capital Management L.P. lifted its stake in shares of FIGX Capital Acquisition by 8.2% in the 4th quarter. Radcliffe Capital Management L.P. now owns 331,994 shares of the company's stock worth $3,340,000 after acquiring an additional 25,041 shares during the period. Mint Tower Capital Management B.V. acquired a new stake in shares of FIGX Capital Acquisition in the 4th quarter worth approximately $2,264,000. Finally, Sona Asset Management US LLC bought a new position in shares of FIGX Capital Acquisition in the first quarter valued at approximately $1,090,000.

Wall Street Analysts Forecast Growth

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

FIGX Capital Acquisition Company Profile

We are a blank check company incorporated on February 20, 2025, as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. While we may pursue an initial business combination target in any industry, we currently intend to concentrate our efforts in identifying businesses in the financial industry group (FIG Sector), with a focus on differentiated private wealth/asset managers positioned to become multi-asset fund management platforms with diversified distribution channels and global market presence.

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