FG Merger Corp. (NASDAQ:FGMCU) Sees Significant Growth in Short Interest

FG Merger Corp. (NASDAQ:FGMCU) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 31 shares, a growth of ? from the April 30th total of 0 shares. Based on an average daily volume of 202 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FGMCU. Flow Traders U.S. LLC raised its position in FG Merger by 45.0% in 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 in the last quarter. SkyView Investment Advisors LLC acquired a new position in FG Merger in the second quarter valued at about $391,000. Finally, Clear Street Group Inc. acquired a new position in FG Merger in the third quarter valued at about $41,000.

FG Merger Stock Performance

NASDAQ:FGMCU traded down $0.03 during mid-day trading on Tuesday, hitting $11.05. The company’s stock had a trading volume of 993 shares, compared to its average volume of 1,344. FG Merger has a fifty-two week low of $9.94 and a fifty-two week high of $12.83. The stock has a fifty day moving average of $10.86 and a 200-day moving average of $10.63.

FG Merger Company Profile

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.