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

FG Merger Corp. (NASDAQ:FGMCU) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 4,175 shares, a decline of 52.1% from the June 15th total of 8,713 shares. Based on an average daily trading volume, of 1,336 shares, the short-interest ratio is currently 3.1 days.

Institutional Trading of FG Merger

Several large investors have recently bought and sold shares of the business. Clear Street Group Inc. acquired a new stake in FG Merger in the third quarter valued at approximately $41,000. Flow Traders U.S. LLC raised its holdings in FG Merger by 45.0% during the 2nd 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 acquired a new position in FG Merger in the second quarter valued at $391,000.

FG Merger Price Performance

Shares of NASDAQ FGMCU opened at $10.35 on Tuesday. The business has a fifty day moving average price of $11.51 and a two-hundred day moving average price of $10.94. FG Merger has a fifty-two week low of $9.30 and a fifty-two week high of $19.10.

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.