Short Interest in FG Merger Corp. (NASDAQ:FGMCU) Declines By 99.1%

FG Merger Corp. (NASDAQ:FGMCU) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 37 shares, a drop of 99.1% from the June 30th total of 4,175 shares. Based on an average trading volume of 253 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On FG Merger

Hedge funds and other institutional investors have recently bought and sold shares of the business. Flow Traders U.S. LLC raised its holdings in shares of FG Merger by 102.7% in the third quarter. Flow Traders U.S. LLC now owns 62,345 shares of the company’s stock valued at $514,000 after buying an additional 31,586 shares during the last quarter. SkyView Investment Advisors LLC bought a new stake in shares of FG Merger during the 2nd quarter valued at $391,000. Finally, Clear Street Group Inc. lifted its stake in FG Merger by 238.2% in the fourth quarter. Clear Street Group Inc. now owns 16,908 shares of the company’s stock valued at $139,000 after buying an additional 11,908 shares during the period.

FG Merger Price Performance

NASDAQ FGMCU remained flat at $8.97 during trading on Friday. The firm has a fifty day simple moving average of $11.22 and a 200 day simple moving average of $10.87. FG Merger has a 12 month low of $8.97 and a 12 month 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.