Flag Ship Acquisition Corporation (NASDAQ:FSHP) Sees Significant Growth in Short Interest

Flag Ship Acquisition Corporation (NASDAQ:FSHPGet Free Report) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,133 shares, an increase of 127.1% from the August 15th total of 499 shares. Based on an average trading volume of 13,032 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Flag Ship Acquisition in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Read Our Latest Stock Analysis on Flag Ship Acquisition

Insider Transactions at Flag Ship Acquisition

In other Flag Ship Acquisition news, major shareholder Mizuho Securities Usa Llc sold 85,000 shares of Flag Ship Acquisition stock in a transaction on Monday, August 17th. The shares were sold at an average price of $11.23, for a total transaction of $954,550.00. Following the completion of the transaction, the insider directly owned 315,000 shares of the company’s stock, valued at $3,537,450. The trade was a 21.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 39.06% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Flag Ship Acquisition

A hedge fund recently bought a new stake in Flag Ship Acquisition stock. Toronto Dominion Bank acquired a new stake in Flag Ship Acquisition Corporation (NASDAQ:FSHPFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 3,480 shares of the company’s stock, valued at approximately $37,000. Toronto Dominion Bank owned 0.07% of Flag Ship Acquisition as of its most recent SEC filing.

Flag Ship Acquisition Price Performance

NASDAQ:FSHP opened at $11.36 on Monday. The stock has a 50 day simple moving average of $11.26 and a 200 day simple moving average of $11.09. Flag Ship Acquisition has a 1-year low of $10.53 and a 1-year high of $12.00.

About Flag Ship Acquisition

(Get Free Report)

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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