FingerMotion, Inc. (NASDAQ:FNGR – Get Free Report) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 8,754,925 shares, a growth of 846.8% from the August 15th total of 924,706 shares. Currently, 14.9% of the company’s stock are sold short. Based on an average daily volume of 132,012,882 shares, the short-interest ratio is currently 0.1 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FNGR. Platform Technology Partners lifted its position in FingerMotion by 54.9% in the 1st quarter. Platform Technology Partners now owns 259,643 shares of the company’s stock worth $258,000 after buying an additional 92,028 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of FingerMotion during the fourth quarter worth approximately $85,000. Envestnet Asset Management Inc. raised its stake in shares of FingerMotion by 143.6% during the third quarter. Envestnet Asset Management Inc. now owns 60,029 shares of the company’s stock worth $95,000 after acquiring an additional 35,388 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in shares of FingerMotion by 75.3% during the third quarter. Qube Research & Technologies Ltd now owns 41,534 shares of the company’s stock worth $66,000 after acquiring an additional 17,836 shares in the last quarter. Finally, Barclays PLC bought a new stake in shares of FingerMotion in the 4th quarter worth approximately $37,000. 3.90% of the stock is currently owned by hedge funds and other institutional investors.
FingerMotion Stock Performance
NASDAQ FNGR traded up $0.01 on Thursday, hitting $0.19. 12,248,375 shares of the stock traded hands, compared to its average volume of 13,764,741. The business’s fifty day moving average is $0.27 and its two-hundred day moving average is $0.68. FingerMotion has a 12 month low of $0.15 and a 12 month high of $2.20. The firm has a market capitalization of $13.43 million, a price-to-earnings ratio of -1.55 and a beta of -0.37.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings cut FingerMotion from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.
Check Out Our Latest Report on FingerMotion
About FingerMotion
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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