Flag Ship Acquisition Corporation (NASDAQ:FSHP) Sees Large Decline in Short Interest

Flag Ship Acquisition Corporation (NASDAQ:FSHP – Get Free Report) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 504 shares, a drop of 62.2% from the June 30th total of 1,334 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 121 shares, the short-interest ratio is currently 4.2 days.

Flag Ship Acquisition Stock Up 0.4%

Shares of FSHP opened at $11.23 on Monday. The firm’s 50 day moving average price is $11.12 and its 200 day moving average price is $10.97. Flag Ship Acquisition has a twelve month low of $10.47 and a twelve month high of $12.00.

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Flag Ship Acquisition (NASDAQ:FSHP – Get Free Report) last posted its earnings results on Friday, May 29th. The company reported $0.05 EPS for the quarter.

Institutional Investors Weigh In On Flag Ship Acquisition

An institutional investor recently raised its position in Flag Ship Acquisition stock. Berkley W R Corp increased its holdings in Flag Ship Acquisition Corporation (NASDAQ:FSHP – Free Report) by 8.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 434,420 shares of the company’s stock after purchasing an additional 33,482 shares during the period. Berkley W R Corp owned approximately 8.64% of Flag Ship Acquisition worth $4,748,000 at the end of the most recent reporting period.

Analysts Set New Price Targets

Separately, Weiss Ratings downgraded Flag Ship Acquisition from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Check Out Our Latest Research Report on Flag Ship Acquisition

About Flag Ship Acquisition

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Flag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to acquire businesses in Internet and high technology, financial technology, clean energy, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York.

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