FG Merger Corp. (NASDAQ:FGMCU) Short Interest Update

FG Merger Corp. (NASDAQ:FGMCU) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 37 shares, a drop of 99.1% from the June 30th total of 4,175 shares. Based on an average daily volume of 253 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of FG Merger

Several large investors have recently made changes to their positions in FGMCU. Flow Traders U.S. LLC increased its position in FG Merger by 45.0% in the second quarter. Flow Traders U.S. LLC now owns 30,759 shares of the company’s stock worth $254,000 after purchasing an additional 9,544 shares during the period. Clear Street Group Inc. increased its stake in FG Merger by 238.2% in the fourth quarter. Clear Street Group Inc. now owns 16,908 shares of the company’s stock valued at $139,000 after purchasing an additional 11,908 shares in the last quarter. Finally, SkyView Investment Advisors LLC bought a new stake in shares of FG Merger in the 2nd quarter valued at $391,000.

FG Merger Price Performance

NASDAQ:FGMCU remained flat at $8.97 on Friday. FG Merger has a 1 year low of $8.97 and a 1 year high of $19.10. The business’s fifty day simple moving average is $11.22 and its 200-day simple moving average is $10.87.

About FG Merger

FG Merger Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company intends to focus its search for a target business in the financial services industry in North America. FG Merger Corp. was incorporated in 2020 and is based in Itasca, Illinois.