FG Merger Corp. (NASDAQ:FGMCU – Get Free Report) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 37 shares, a decline of 99.1% from the June 30th total of 4,175 shares. Based on an average daily trading volume, of 253 shares, the short-interest ratio is presently 0.1 days.
FG Merger Price Performance
Shares of FGMCU stock opened at $8.97 on Friday. FG Merger has a 12-month low of $8.97 and a 12-month high of $19.10. The business’s fifty day simple moving average is $11.22 and its 200-day simple moving average is $10.87.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Flow Traders U.S. LLC increased its holdings in FG Merger by 102.7% in the 3rd quarter. Flow Traders U.S. LLC now owns 62,345 shares of the company’s stock worth $514,000 after buying an additional 31,586 shares during the period. SkyView Investment Advisors LLC acquired a new stake in FG Merger in the 2nd quarter valued at $391,000. Finally, Clear Street Group Inc. grew its position in shares of FG Merger by 238.2% in the fourth quarter. Clear Street Group Inc. now owns 16,908 shares of the company’s stock valued at $139,000 after purchasing an additional 11,908 shares during the period.
About FG Merger
FG Merger Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company intends to focus its search for a target business in the financial services industry in North America. FG Merger Corp. was incorporated in 2020 and is based in Itasca, Illinois.
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