FingerMotion, Inc. (NASDAQ:FNGR) Sees Large Growth in Short Interest

FingerMotion, Inc. (NASDAQ:FNGR - Get Free Report) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,780,000 shares, an increase of 21.1% from the February 13th total of 1,470,000 shares. Currently, 4.3% of the company's stock are sold short. Based on an average trading volume of 333,500 shares, the days-to-cover ratio is presently 5.3 days.

FingerMotion Stock Performance

Shares of NASDAQ FNGR traded up $0.10 during midday trading on Friday, reaching $1.56. 452,561 shares of the company's stock were exchanged, compared to its average volume of 286,616. FingerMotion has a 52-week low of $1.03 and a 52-week high of $3.96. The stock has a market capitalization of $89.14 million, a PE ratio of -15.60 and a beta of -0.74. The business's fifty day moving average price is $1.27 and its two-hundred day moving average price is $1.68.

FingerMotion (NASDAQ:FNGR - Get Free Report) last announced its earnings results on Tuesday, January 14th. The company reported ($0.03) earnings per share (EPS) for the quarter. FingerMotion had a negative return on equity of 51.57% and a negative net margin of 16.14%.

Institutional Trading of FingerMotion

Several hedge funds and other institutional investors have recently bought and sold shares of FNGR. Virtu Financial LLC increased its holdings in FingerMotion by 34.5% in the fourth quarter. Virtu Financial LLC now owns 51,694 shares of the company's stock valued at $62,000 after buying an additional 13,255 shares during the last quarter. XTX Topco Ltd increased its holdings in FingerMotion by 102.5% in the third quarter. XTX Topco Ltd now owns 33,531 shares of the company's stock valued at $73,000 after buying an additional 16,970 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in FingerMotion by 43.1% in the fourth quarter. Bleakley Financial Group LLC now owns 73,000 shares of the company's stock valued at $88,000 after buying an additional 22,000 shares during the last quarter. Finally, Anson Funds Management LP bought a new stake in FingerMotion in the fourth quarter valued at about $871,000. 3.90% of the stock is owned by institutional investors.

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.