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

FingerMotion, Inc. (NASDAQ:FNGR) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 1,700,000 shares, a growth of 6.9% from the October 15th total of 1,590,000 shares. Based on an average daily trading volume, of 212,200 shares, the short-interest ratio is currently 8.0 days. Currently, 4.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On FingerMotion

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP purchased a new position in shares of FingerMotion in the 2nd quarter valued at about $105,000. Simplicity Wealth LLC lifted its position in shares of FingerMotion by 123.5% in the second quarter. Simplicity Wealth LLC now owns 38,000 shares of the company’s stock valued at $97,000 after acquiring an additional 21,000 shares in the last quarter. XTX Topco Ltd lifted its holdings in shares of FingerMotion by 102.5% during the 3rd quarter. XTX Topco Ltd now owns 33,531 shares of the company’s stock worth $73,000 after acquiring an additional 16,970 shares during the period. Ground Swell Capital LLC acquired a new stake in shares of FingerMotion in the second quarter worth $35,000. Finally, Bleakley Financial Group LLC boosted its position in FingerMotion by 34.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 51,000 shares of the company’s stock valued at $111,000 after buying an additional 13,000 shares during the last quarter. Institutional investors and hedge funds own 3.90% of the company’s stock.

FingerMotion Trading Down 2.8 %

Shares of FNGR stock traded down $0.06 during trading hours on Tuesday, reaching $1.93. 60,230 shares of the stock were exchanged, compared to its average volume of 279,325. The company’s 50-day moving average price is $2.08 and its 200-day moving average price is $2.34. The firm has a market capitalization of $103.58 million, a price-to-earnings ratio of -17.64 and a beta of -0.97. FingerMotion has a 12-month low of $1.63 and a 12-month high of $4.55. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.01.

FingerMotion (NASDAQ:FNGR) last issued its quarterly earnings results on Tuesday, October 15th. The company reported ($0.03) EPS for the quarter. FingerMotion had a negative return on equity of 49.46% and a negative net margin of 18.29%. The firm had revenue of $8.46 million for the quarter.

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.