FingerMotion, Inc. (NASDAQ:FNGR) Sees Significant Growth in Short Interest

FingerMotion, Inc. (NASDAQ:FNGR) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 2,550,000 shares, an increase of 25.6% from the March 15th total of 2,030,000 shares. Based on an average daily volume of 240,900 shares, the days-to-cover ratio is currently 10.6 days. Approximately 6.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Anson Funds Management LP purchased a new stake in FingerMotion during the 4th quarter worth about $871,000. Virtu Financial LLC grew its holdings in shares of FingerMotion by 34.5% during the fourth quarter. Virtu Financial LLC now owns 51,694 shares of the company’s stock worth $62,000 after buying an additional 13,255 shares in the last quarter. Bleakley Financial Group LLC raised its position in shares of FingerMotion by 43.1% in the fourth quarter. Bleakley Financial Group LLC now owns 73,000 shares of the company’s stock valued at $88,000 after buying an additional 22,000 shares during the last quarter. Finally, XTX Topco Ltd lifted its stake in shares of FingerMotion by 102.5% during the third quarter. XTX Topco Ltd now owns 33,531 shares of the company’s stock valued at $73,000 after buying an additional 16,970 shares during the period. Institutional investors and hedge funds own 3.90% of the company’s stock.

FingerMotion Price Performance

NASDAQ FNGR traded down $0.07 on Monday, hitting $1.42. 326,266 shares of the company’s stock were exchanged, compared to its average volume of 270,540. The firm’s 50-day moving average price is $1.34 and its two-hundred day moving average price is $1.57. The firm has a market cap of $81.14 million, a price-to-earnings ratio of -14.20 and a beta of -0.76. FingerMotion has a fifty-two week low of $1.03 and a fifty-two week high of $3.96.

About FingerMotion

FingerMotion, Inc, a mobile data specialist company, provides mobile payment and recharge platform system in China. The company offers telecommunication products and services, including data plans, subscription plans, mobile phones, and loyalty points redemption services; bulk short message service and multimedia messaging services; and Rich Communication Services (RCS) platform, a proprietary business messaging platform that enables businesses and brands to communicate and service their customers on the 5G infrastructure.