FG Merger Corp. (NASDAQ:FGMCU) Short Interest Update

FG Merger Corp. (NASDAQ:FGMCU) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 8,713 shares, an increase of ? from the May 31st total of 0 shares. Based on an average daily trading volume, of 7,967 shares, the short-interest ratio is currently 1.1 days.

FG Merger Trading Down 16.7%

Shares of FG Merger stock opened at $10.00 on Wednesday. The stock has a fifty day simple moving average of $11.63 and a 200 day simple moving average of $10.96. FG Merger has a 12-month low of $9.30 and a 12-month high of $19.10.

Institutional Trading of FG Merger

Institutional investors have recently made changes to their positions in the company. Clear Street Group Inc. purchased a new stake in shares of FG Merger in the third quarter valued at about $41,000. Flow Traders U.S. LLC boosted its holdings in FG Merger by 45.0% during the second quarter. Flow Traders U.S. LLC now owns 30,759 shares of the company’s stock worth $254,000 after purchasing an additional 9,544 shares during the last quarter. Finally, SkyView Investment Advisors LLC purchased a new position in FG Merger during the second quarter worth about $391,000.

About FG Merger

FG Merger Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company intends to focus its search for a target business in the financial services industry in North America. FG Merger Corp. was incorporated in 2020 and is based in Itasca, Illinois.