FIGX Capital Acquisition Corp. (NASDAQ:FIGX) Sees Large Increase in Short Interest

FIGX Capital Acquisition Corp. (NASDAQ:FIGX) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 21,459 shares, a growth of 7,847.8% from the May 31st total of 270 shares. Based on an average daily trading volume, of 59,291 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of FIGX Capital Acquisition

Large investors have recently made changes to their positions in the company. Westchester Capital Management LLC raised its stake in FIGX Capital Acquisition by 1.9% during the 4th quarter. Westchester Capital Management LLC now owns 152,916 shares of the company’s stock worth $1,538,000 after buying an additional 2,916 shares during the period. PenderFund Capital Management Ltd. acquired a new position in FIGX Capital Acquisition in the fourth quarter valued at about $91,000. Virtu Financial LLC bought a new stake in shares of FIGX Capital Acquisition in the fourth quarter worth about $108,000. Evercore Wealth Management LLC bought a new stake in shares of FIGX Capital Acquisition in the fourth quarter worth about $160,000. Finally, Radcliffe Capital Management L.P. raised its position in shares of FIGX Capital Acquisition by 8.2% during the fourth quarter. Radcliffe Capital Management L.P. now owns 331,994 shares of the company’s stock worth $3,340,000 after purchasing an additional 25,041 shares during the period.

FIGX Capital Acquisition Price Performance

Shares of FIGX stock opened at $10.22 on Friday. FIGX Capital Acquisition has a 12 month low of $9.95 and a 12 month high of $10.30. The stock has a 50-day moving average price of $10.21.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised FIGX Capital Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

FIGX Capital Acquisition Company Profile

We are a blank check company incorporated on February 20, 2025, as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. While we may pursue an initial business combination target in any industry, we currently intend to concentrate our efforts in identifying businesses in the financial industry group (FIG Sector), with a focus on differentiated private wealth/asset managers positioned to become multi-asset fund management platforms with diversified distribution channels and global market presence.