Short Interest in FingerMotion, Inc. (NASDAQ:FNGR) Declines By 47.5%

FingerMotion, Inc. (NASDAQ:FNGRGet Free Report) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 924,706 shares, a drop of 47.5% from the July 30th total of 1,761,662 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average trading volume of 6,121,965 shares, the days-to-cover ratio is currently 0.2 days.

FingerMotion Stock Performance

Shares of NASDAQ FNGR traded up $0.22 during mid-day trading on Friday, hitting $0.40. 1,238,287,816 shares of the stock were exchanged, compared to its average volume of 11,144,291. FingerMotion has a twelve month low of $0.15 and a twelve month high of $2.20. The stock’s fifty day simple moving average is $0.31 and its two-hundred day simple moving average is $0.74. The company has a market cap of $24.40 million, a P/E ratio of -3.32 and a beta of -0.40.

FingerMotion (NASDAQ:FNGRGet Free Report) last announced its earnings results on Wednesday, July 15th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). The business had revenue of $0.65 million for the quarter, compared to the consensus estimate of $6.00 million. FingerMotion had a negative return on equity of 46.67% and a negative net margin of 42.81%.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of FingerMotion from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on FNGR

Hedge Funds Weigh In On FingerMotion

Institutional investors have recently bought and sold shares of the business. WINTON GROUP Ltd acquired a new position in FingerMotion in the second quarter worth $26,000. XTX Topco Ltd bought a new stake in shares of FingerMotion during the second quarter worth $42,000. Barclays PLC acquired a new stake in shares of FingerMotion in the fourth quarter valued at $37,000. Qube Research & Technologies Ltd increased its stake in shares of FingerMotion by 75.3% in the third quarter. Qube Research & Technologies Ltd now owns 41,534 shares of the company’s stock valued at $66,000 after buying an additional 17,836 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of FingerMotion by 143.6% in the third quarter. Envestnet Asset Management Inc. now owns 60,029 shares of the company’s stock valued at $95,000 after buying an additional 35,388 shares during the last quarter. Institutional investors own 3.90% of the company’s stock.

FingerMotion Company Profile

(Get Free Report)

FingerMotion, Inc is a mobile technology solutions provider focused on delivering affordable smartphones and digital services to emerging markets. The company’s core operations include the design, manufacture, and distribution of mobile devices under its proprietary Spyce brand, offering entry-level and mid-range handsets optimized for performance, security, and ease of use. FingerMotion integrates embedded software applications and firmware enhancements to improve user experience, device management, and after-sales support.

In addition to hardware, FingerMotion has developed a suite of mobile financial services and digital commerce offerings.

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