FingerMotion, Inc. (NASDAQ:FNGR) Short Interest Up 7.4% in October

FingerMotion, Inc. (NASDAQ:FNGR) was the recipient of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 1,590,000 shares, a growth of 7.4% from the September 30th total of 1,480,000 shares. Based on an average trading volume of 215,100 shares, the days-to-cover ratio is currently 7.4 days. Currently, 4.2% of the shares of the company are short sold.

Hedge Funds Weigh In On FingerMotion

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bleakley Financial Group LLC grew its position in shares of FingerMotion by 70.0% during the 1st quarter. Bleakley Financial Group LLC now owns 17,000 shares of the company’s stock valued at $36,000 after acquiring an additional 7,000 shares during the period. Ground Swell Capital LLC bought a new position in shares of FingerMotion during the 2nd quarter valued at approximately $35,000. XTX Topco Ltd purchased a new stake in FingerMotion in the 2nd quarter worth approximately $42,000. Simplicity Wealth LLC raised its stake in FingerMotion by 123.5% during the 2nd quarter. Simplicity Wealth LLC now owns 38,000 shares of the company’s stock worth $97,000 after acquiring an additional 21,000 shares during the period. Finally, Marshall Wace LLP bought a new position in shares of FingerMotion in the second quarter worth approximately $105,000. Hedge funds and other institutional investors own 3.90% of the company’s stock.

FingerMotion Stock Performance

Shares of FNGR stock traded up $0.01 on Friday, reaching $1.89. The stock had a trading volume of 33,067 shares, compared to its average volume of 285,883. The stock has a market cap of $101.70 million, a P/E ratio of -17.00 and a beta of -1.02. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 1.48. The company has a 50 day simple moving average of $2.13 and a 200 day simple moving average of $2.46. FingerMotion has a 1 year low of $1.63 and a 1 year high of $5.78.

FingerMotion Company Profile

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.