FingerMotion, Inc. (NASDAQ:FNGR) Short Interest Up 6.9% in October

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

FingerMotion Trading Down 2.8 %

FNGR traded down $0.06 during mid-day trading on Tuesday, reaching $1.93. The stock had a trading volume of 60,230 shares, compared to its average volume of 279,325. The stock has a market capitalization of $103.58 million, a P/E ratio of -17.64 and a beta of -0.97. FingerMotion has a 52 week low of $1.63 and a 52 week high of $4.55. 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 firm’s fifty day simple moving average is $2.08 and its two-hundred day simple moving average is $2.34.

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

Institutional Trading of FingerMotion

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bleakley Financial Group LLC grew its stake in FingerMotion by 34.2% in the third quarter. Bleakley Financial Group LLC now owns 51,000 shares of the company’s stock valued at $111,000 after acquiring an additional 13,000 shares during the period. Marshall Wace LLP purchased a new position in FingerMotion during the 2nd quarter valued at $105,000. Simplicity Wealth LLC boosted its holdings in FingerMotion by 123.5% in the second quarter. Simplicity Wealth LLC now owns 38,000 shares of the company’s stock worth $97,000 after acquiring an additional 21,000 shares in the last quarter. XTX Topco Ltd bought a new stake in FingerMotion in the 2nd quarter worth approximately $42,000. Finally, Ground Swell Capital LLC bought a new position in shares of FingerMotion in the 2nd quarter worth approximately $35,000. 3.90% of the stock is currently owned by institutional investors.

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.