Short Interest in FingerMotion, Inc. (NASDAQ:FNGR) Decreases By 16.0%

FingerMotion, Inc. (NASDAQ:FNGR) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 1,360,000 shares, a decrease of 16.0% from the November 30th total of 1,620,000 shares. Currently, 3.3% of the shares of the stock are short sold. Based on an average daily volume of 267,100 shares, the short-interest ratio is presently 5.1 days.

Institutional Trading of FingerMotion

Institutional investors have recently modified their holdings of the business. Ground Swell Capital LLC bought a new position in FingerMotion during the 2nd quarter worth $35,000. XTX Topco Ltd acquired a new stake in shares of FingerMotion in the second quarter valued at about $42,000. Virtu Financial LLC raised its position in shares of FingerMotion by 66.6% during the third quarter. Virtu Financial LLC now owns 38,439 shares of the company’s stock worth $84,000 after acquiring an additional 15,360 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of FingerMotion in the second quarter worth approximately $105,000. Finally, Bleakley Financial Group LLC boosted its holdings in FingerMotion by 34.2% in the third quarter. Bleakley Financial Group LLC now owns 51,000 shares of the company’s stock valued at $111,000 after acquiring an additional 13,000 shares during the last quarter. Institutional investors own 3.90% of the company’s stock.

FingerMotion Price Performance

FingerMotion stock remained flat at $1.27 during trading hours on Friday. The company’s stock had a trading volume of 304,563 shares, compared to its average volume of 296,880. The company has a market capitalization of $68.34 million, a PE ratio of -11.55 and a beta of -0.95. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $1.89 and a 200 day moving average of $2.07. FingerMotion has a 1 year low of $1.03 and a 1 year high of $4.36.

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

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.