FIGX Capital Acquisition Corp. (NASDAQ:FIGXW) Short Interest Up 542.8% in June

FIGX Capital Acquisition Corp. (NASDAQ:FIGXWGet Free Report) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 11,589 shares, a growth of 542.8% from the June 15th total of 1,803 shares. Based on an average trading volume of 1,381 shares, the short-interest ratio is currently 8.4 days.

FIGX Capital Acquisition Stock Performance

Shares of FIGXW stock remained flat at $0.25 on Monday. 2,200 shares of the company were exchanged, compared to its average volume of 16,043. The business has a 50-day moving average price of $0.27. FIGX Capital Acquisition has a 1 year low of $0.17 and a 1 year high of $0.35.

About FIGX Capital Acquisition

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FIGX Capital Acquisition (NASDAQ: FIGXW) is a special purpose acquisition company (SPAC), often referred to as a blank‑check company, formed to raise capital through the public markets for the purpose of identifying, negotiating and completing a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more operating businesses. As with many SPACs, FIGX Capital’s publicly traded securities include common equity and warrants (trading under the FIGXW symbol for the warrant units).

Until it completes a business combination, the company’s principal activity is to seek and evaluate potential acquisition targets.

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