Short Interest in Fundamental Global Inc. (NASDAQ:FGF) Expands By 26.0%

Fundamental Global Inc. (NASDAQ:FGF) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 32,000 shares, an increase of 26.0% from the May 15th total of 25,400 shares. Based on an average trading volume of 75,300 shares, the days-to-cover ratio is presently 0.4 days.

Fundamental Global Price Performance

NASDAQ:FGF traded down $0.06 during trading hours on Monday, reaching $1.03. The stock had a trading volume of 32,032 shares, compared to its average volume of 47,538. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00. Fundamental Global has a 52 week low of $0.99 and a 52 week high of $1.85. The company has a 50 day moving average price of $1.26 and a two-hundred day moving average price of $1.34. The stock has a market capitalization of $29.08 million, a PE ratio of -5.69 and a beta of 0.54.

Fundamental Global (NASDAQ:FGF) last released its quarterly earnings data on Friday, May 17th. The company reported ($0.26) earnings per share (EPS) for the quarter. Fundamental Global had a negative return on equity of 7.08% and a negative net margin of 6.73%. The firm had revenue of $8.64 million during the quarter.

About Fundamental Global

Fundamental Global Inc engages in reinsurance, merchant banking, and asset management business. The company offers initial public offering services. It also offers specialty property and casualty reinsurance services. In addition, the company provides investment advisory services. The company was formerly known as Ballantyne Strong, Inc and changed its name to FG Group Holdings Inc in December 2022.