Investors Buy Large Volume of Call Options on FingerMotion (NASDAQ:FNGR)

FingerMotion, Inc. (NASDAQ:FNGR) was the target of unusually large options trading activity on Monday. Investors acquired 3,392 call options on the stock. This represents an increase of 279% compared to the typical daily volume of 895 call options.

FingerMotion Stock Down 4.7 %

Shares of FNGR traded down $0.07 during mid-day trading on Monday, hitting $1.42. The company had a trading volume of 194,664 shares, compared to its average volume of 270,082. FingerMotion has a 1-year low of $1.03 and a 1-year high of $3.96. The business’s 50-day simple moving average is $1.34 and its 200-day simple moving average is $1.57. The stock has a market cap of $81.14 million, a PE ratio of -14.20 and a beta of -0.76.

Hedge Funds Weigh In On FingerMotion

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

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.