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

FingerMotion, Inc. (NASDAQ:FNGR) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 1,720,000 shares, a growth of 18.6% from the August 15th total of 1,450,000 shares. Approximately 4.6% of the company’s shares are short sold. Based on an average daily volume of 268,300 shares, the short-interest ratio is presently 6.4 days.

FingerMotion Price Performance

FNGR stock traded up $0.01 during trading on Tuesday, reaching $2.34. The company had a trading volume of 139,957 shares, compared to its average volume of 308,696. FingerMotion has a 52 week low of $1.63 and a 52 week high of $7.37. The business has a 50 day moving average of $2.07 and a 200 day moving average of $2.53. The company has a market cap of $123.35 million, a P/E ratio of -29.25 and a beta of -1.01.

FingerMotion (NASDAQ:FNGR) last released its earnings results on Friday, June 28th. The company reported ($0.03) EPS for the quarter. FingerMotion had a negative net margin of 12.96% and a negative return on equity of 31.97%. The firm had revenue of $8.37 million during the quarter.

Institutional Trading of FingerMotion

Hedge funds have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in FingerMotion during the 4th quarter valued at about $313,000. Marshall Wace LLP bought a new stake in shares of FingerMotion in the 2nd quarter worth approximately $105,000. Simplicity Wealth LLC grew its stake in shares of FingerMotion by 123.5% in the 2nd quarter. Simplicity Wealth LLC now owns 38,000 shares of the company’s stock worth $97,000 after buying an additional 21,000 shares during the last quarter. Delta Financial Group Inc. increased its position in FingerMotion by 107.0% during the 1st quarter. Delta Financial Group Inc. now owns 32,700 shares of the company’s stock valued at $69,000 after buying an additional 16,900 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in FingerMotion during the fourth quarter valued at $114,000. Institutional investors own 3.90% of the company’s stock.

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.