FIGX Capital Acquisition Corp. (NASDAQ:FIGX – Get Free Report) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 120 shares, an increase of 361.5% from the September 30th total of 26 shares. Based on an average daily trading volume, of 5,796 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded FIGX Capital Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, FIGX Capital Acquisition presently has a consensus rating of “Sell”.
Read Our Latest Research Report on FIGX Capital Acquisition
FIGX Capital Acquisition Price Performance
FIGX Capital Acquisition stock traded up $0.02 during midday trading on Thursday, hitting $10.37. The company’s stock had a trading volume of 27,670 shares, compared to its average volume of 46,827. FIGX Capital Acquisition has a 1-year low of $10.01 and a 1-year high of $10.38. The company has a 50-day moving average price of $10.34 and a two-hundred day moving average price of $10.23.
FIGX Capital Acquisition (NASDAQ:FIGX – Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.06 earnings per share (EPS) for the quarter.
Institutional Investors Weigh In On FIGX Capital Acquisition
An institutional investor recently bought a new stake in FIGX Capital Acquisition stock. Sona Asset Management US LLC acquired a new position in shares of FIGX Capital Acquisition Corp. (NASDAQ:FIGX – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 107,945 shares of the company’s stock, valued at approximately $1,090,000. Sona Asset Management US LLC owned 0.56% of FIGX Capital Acquisition at the end of the most recent reporting period.
About FIGX Capital Acquisition
FIGX Capital Acquisition Corp. is a special purpose acquisition company, or SPAC. The company was formed to identify and complete a business combination with one or more operating businesses through a merger, acquisition, share exchange, asset acquisition, reorganization, or similar transaction.
Unlike an operating company, FIGX Capital Acquisition Corp. does not appear to provide products or services directly to customers. Its principal activities are focused on raising capital, evaluating potential acquisition targets, and completing a qualifying transaction.
Publicly available information about the company’s operating history, geographic activities, leadership team, and any completed business combination is limited.
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