Flag Ship Acquisition Corporation (NASDAQ:FSHP) Short Interest Update

Flag Ship Acquisition Corporation (NASDAQ:FSHPGet Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 1,334 shares, a growth of 421.1% from the June 15th total of 256 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 564 shares, the days-to-cover ratio is currently 2.4 days.

Institutional Trading of Flag Ship Acquisition

Large investors have recently bought and sold shares of the business. Toronto Dominion Bank acquired a new position in shares of Flag Ship Acquisition in the 4th quarter valued at about $37,000. Clear Street Group Inc. acquired a new stake in Flag Ship Acquisition during the third quarter worth approximately $77,000. Finally, Berkley W R Corp increased its holdings in Flag Ship Acquisition by 8.4% in the first quarter. Berkley W R Corp now owns 434,420 shares of the company’s stock worth $4,748,000 after purchasing an additional 33,482 shares in the last quarter.

Flag Ship Acquisition Stock Down 1.6%

Shares of NASDAQ FSHP traded down $0.18 during midday trading on Monday, reaching $11.26. The stock had a trading volume of 290 shares, compared to its average volume of 17,640. The company’s 50 day moving average price is $11.08 and its 200 day moving average price is $10.94. Flag Ship Acquisition has a twelve month low of $10.44 and a twelve month high of $12.00.

Flag Ship Acquisition (NASDAQ:FSHPGet Free Report) last posted its quarterly earnings data on Friday, May 29th. The company reported $0.05 earnings per share for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Flag Ship Acquisition from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Get Our Latest Research Report on FSHP

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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