Short Interest in FingerMotion, Inc. (NASDAQ:FNGR) Decreases By 5.9%

FingerMotion, Inc. (NASDAQ:FNGR) was the recipient of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 1,600,000 shares, a decline of 5.9% from the October 31st total of 1,700,000 shares. Approximately 4.2% of the company’s shares are short sold. Based on an average daily trading volume, of 172,700 shares, the days-to-cover ratio is presently 9.3 days.

Hedge Funds Weigh In On FingerMotion

Hedge funds have recently bought and sold shares of the company. Ground Swell Capital LLC acquired a new stake in shares of FingerMotion during the 2nd quarter worth approximately $35,000. XTX Topco Ltd acquired a new stake in FingerMotion in the second quarter worth $42,000. Virtu Financial LLC increased its stake in FingerMotion by 66.6% in the third quarter. Virtu Financial LLC now owns 38,439 shares of the company’s stock valued at $84,000 after purchasing an additional 15,360 shares in the last quarter. Simplicity Wealth LLC increased its stake in FingerMotion by 123.5% in the second quarter. Simplicity Wealth LLC now owns 38,000 shares of the company’s stock valued at $97,000 after purchasing an additional 21,000 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of FingerMotion during the second quarter valued at about $105,000. Institutional investors own 3.90% of the company’s stock.

FingerMotion Trading Down 0.5 %

Shares of FNGR stock traded down $0.01 on Tuesday, hitting $2.01. The company had a trading volume of 8,304 shares, compared to its average volume of 274,347. FingerMotion has a twelve month low of $1.63 and a twelve month high of $4.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 1.48. The firm has a market cap of $108.16 million, a P/E ratio of -18.27 and a beta of -0.95. The stock’s 50-day moving average is $2.04 and its two-hundred day moving average is $2.25.

FingerMotion (NASDAQ:FNGR) last released its earnings results on Tuesday, October 15th. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $8.46 million for the quarter. FingerMotion had a negative net margin of 18.29% and a negative return on equity of 49.46%.

FingerMotion Company Profile

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.