FIGX Capital Acquisition Corp. (NASDAQ:FIGX) Sees Significant Drop in Short Interest

FIGX Capital Acquisition Corp. (NASDAQ:FIGX) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 179 shares, a decline of 52.9% from the August 31st total of 380 shares. Based on an average trading volume of 6,565 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

FIGX Capital Acquisition Price Performance

Shares of FIGX Capital Acquisition stock traded down $0.01 on Wednesday, hitting $10.32. The stock had a trading volume of 50,125 shares, compared to its average volume of 39,944. FIGX Capital Acquisition has a twelve month low of $9.98 and a twelve month high of $10.38. The business’s 50 day moving average is $10.31 and its two-hundred day moving average is $10.24.

FIGX Capital Acquisition (NASDAQ:FIGX) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.06 earnings per share (EPS) for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded FIGX Capital Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, FIGX Capital Acquisition presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On FIGX Capital Acquisition

Institutional investors and hedge funds have recently modified their holdings of the business. Sona Asset Management US LLC bought a new position in FIGX Capital Acquisition during the first quarter worth about $1,090,000. Mint Tower Capital Management B.V. bought a new stake in FIGX Capital Acquisition in the 4th quarter valued at about $2,264,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of FIGX Capital Acquisition during the 4th quarter worth approximately $3,150,000. Periscope Capital Inc. grew its position in shares of FIGX Capital Acquisition by 27.0% during the 4th quarter. Periscope Capital Inc. now owns 444,400 shares of the company’s stock worth $4,471,000 after purchasing an additional 94,400 shares in the last quarter. Finally, Magnetar Financial LLC bought a new position in shares of FIGX Capital Acquisition during the fourth quarter worth approximately $5,030,000.

FIGX Capital Acquisition Company Profile

FIGX Capital Acquisition Corp. (NASDAQ: FIGX) is a special purpose acquisition company, or SPAC. Unlike an operating company, it was formed to identify and complete a merger, share exchange, asset acquisition, or similar business combination with one or more private companies.

The company does not have an established portfolio of products or services of its own. Its activities are primarily focused on evaluating potential acquisition targets, negotiating a transaction, and seeking shareholder approval for a proposed business combination.