Fundamental Global Inc. (NASDAQ:FGF) Sees Large Increase in Short Interest

Fundamental Global Inc. (NASDAQ:FGF) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 113,200 shares, a growth of 1,696.8% from the October 31st total of 6,300 shares. Based on an average trading volume of 17,000 shares, the days-to-cover ratio is currently 6.7 days. Approximately 10.0% of the shares of the company are sold short.

Fundamental Global Stock Performance

FGF opened at $33.99 on Thursday. The stock’s 50 day simple moving average is $24.52 and its 200-day simple moving average is $25.45. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.01. The stock has a market cap of $42.83 million, a PE ratio of 25.18 and a beta of 0.55. Fundamental Global has a 1 year low of $14.21 and a 1 year high of $40.75.

Fundamental Global Company Profile

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.