Flag Ship Acquisition Corporation (NASDAQ:FSHP) Shares Shorted: Short Interest Down 65.1% in September

Flag Ship Acquisition Corporation (NASDAQ:FSHP – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 516 shares, a decline of 65.1% from the September 15th total of 1,477 shares. Based on an average daily volume of 2,391 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Insiders Place Their Bets

In other Flag Ship Acquisition news, major shareholder Mizuho Securities Usa Llc sold 85,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $11.23, for a total value of $954,550.00. Following the transaction, the insider directly owned 315,000 shares in the company, valued at approximately $3,537,450. This represents a 21.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 60.22% of the company’s stock.

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Hedge Funds Weigh In On Flag Ship Acquisition

A hedge fund recently raised its position in Flag Ship Acquisition stock. Berkley W R Corp grew its stake in shares of Flag Ship Acquisition Corporation (NASDAQ:FSHP – Free Report) by 8.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 434,420 shares of the company’s stock after buying an additional 33,482 shares during the period. Berkley W R Corp owned 8.64% of Flag Ship Acquisition worth $4,748,000 as of its most recent SEC filing.

Flag Ship Acquisition Price Performance

Shares of FSHP traded down $0.03 during mid-day trading on Wednesday, hitting $11.25. The company had a trading volume of 1,243 shares, compared to its average volume of 1,407. The business’s 50-day simple moving average is $11.30 and its 200-day simple moving average is $11.15. Flag Ship Acquisition has a 1-year low of $10.60 and a 1-year high of $12.00.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Flag Ship Acquisition in a research report on Tuesday, September 8th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Flag Ship Acquisition currently has a consensus rating of “Sell”.

View Our Latest Stock Analysis on FSHP

Flag Ship Acquisition Company Profile

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