FingerMotion, Inc. (NASDAQ:FNGR) Short Interest Update

FingerMotion, Inc. (NASDAQ:FNGR) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 1,600,000 shares, a drop of 5.9% from the October 31st total of 1,700,000 shares. Based on an average trading volume of 172,700 shares, the short-interest ratio is currently 9.3 days. Approximately 4.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC grew its stake in shares of 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 buying an additional 13,000 shares in the last quarter. Simplicity Wealth LLC raised its stake in shares of FingerMotion by 123.5% during the second quarter. Simplicity Wealth LLC now owns 38,000 shares of the company’s stock valued at $97,000 after purchasing an additional 21,000 shares during the period. Marshall Wace LLP acquired a new position in shares of FingerMotion during the second quarter worth $105,000. XTX Topco Ltd purchased a new position in shares of FingerMotion in the second quarter valued at $42,000. Finally, Ground Swell Capital LLC acquired a new stake in FingerMotion during the 2nd quarter valued at $35,000. 3.90% of the stock is owned by hedge funds and other institutional investors.

FingerMotion Stock Down 1.5 %

Shares of NASDAQ FNGR opened at $1.99 on Wednesday. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $107.08 million, a PE ratio of -18.09 and a beta of -0.95. The firm has a fifty day moving average of $2.03 and a 200-day moving average of $2.23. FingerMotion has a 52-week low of $1.63 and a 52-week high of $4.50.

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