FIGX Capital Acquisition Corp. (NASDAQ:FIGX) Short Interest Up 7,847.8% in June

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

Hedge Funds Weigh In On FIGX Capital Acquisition

Several large investors have recently modified their holdings of the stock. Meteora Capital LLC bought a new stake in shares of FIGX Capital Acquisition during the fourth quarter valued at approximately $9,282,000. Wealthspring Capital LLC bought a new position in FIGX Capital Acquisition in the 4th quarter valued at approximately $5,122,000. MMCAP International Inc. SPC bought a new position in FIGX Capital Acquisition in the 4th quarter valued at approximately $5,030,000. Magnetar Financial LLC purchased a new stake in FIGX Capital Acquisition during the 4th quarter valued at $5,030,000. Finally, Alberta Investment Management Corp purchased a new stake in FIGX Capital Acquisition during the 4th quarter valued at $4,024,000.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of FIGX Capital Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

FIGX Capital Acquisition Price Performance

Shares of NASDAQ:FIGX opened at $10.24 on Friday. The company’s fifty day moving average is $10.21. FIGX Capital Acquisition has a 12-month low of $9.95 and a 12-month high of $10.30.

About FIGX Capital Acquisition

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.