FG Imperii Acquisition Corp. (NASDAQ:FGII) Sees Large Drop in Short Interest

FG Imperii Acquisition Corp. (NASDAQ:FGII – Get Free Report) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 1,358 shares, a decrease of 36.2% from the August 31st total of 2,128 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 2,800 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of FG Imperii Acquisition

A hedge fund recently bought a new stake in FG Imperii Acquisition stock. Robinson Capital Management LLC acquired a new stake in shares of FG Imperii Acquisition Corp. (NASDAQ:FGII – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 27,000 shares of the company’s stock, valued at approximately $269,000. Robinson Capital Management LLC owned 0.09% of FG Imperii Acquisition as of its most recent filing with the Securities & Exchange Commission.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on shares of FG Imperii Acquisition in a research note on Tuesday, July 28th. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

View Our Latest Stock Report on FG Imperii Acquisition

FG Imperii Acquisition Stock Performance

NASDAQ FGII opened at $10.03 on Friday. FG Imperii Acquisition has a 1-year low of $9.86 and a 1-year high of $10.04. The firm’s 50 day moving average is $10.00.

FG Imperii Acquisition Company Profile

(Get Free Report)

FG Imperii Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated to identify and complete a business combination with one or more private companies. Rather than operating a conventional business, the company raises capital through a public offering and holds those funds while its management team evaluates potential merger, acquisition, or similar transactions.

The company has indicated that it may pursue opportunities in the financial services, financial technology, software, and related technology sectors.

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