Flag Ship Acquisition Corporation (NASDAQ:FSHP) Sees Large Decline in Short Interest

Flag Ship Acquisition Corporation (NASDAQ:FSHP) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 504 shares, a drop of 62.2% from the June 30th total of 1,334 shares. Based on an average daily volume of 121 shares, the short-interest ratio is currently 4.2 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Flag Ship Acquisition stock. Toronto Dominion Bank bought a new stake in shares of Flag Ship Acquisition Corporation (NASDAQ:FSHP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,480 shares of the company’s stock, valued at approximately $37,000. Toronto Dominion Bank owned 0.07% of Flag Ship Acquisition as of its most recent SEC filing.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Flag Ship Acquisition from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, June 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Flag Ship Acquisition Stock Performance

Shares of NASDAQ FSHP opened at $11.23 on Monday. Flag Ship Acquisition has a one year low of $10.47 and a one year high of $12.00. The business has a 50-day moving average price of $11.12 and a two-hundred day moving average price of $10.97.

Flag Ship Acquisition (NASDAQ:FSHP) last issued its earnings results on Friday, May 29th. The company reported $0.05 earnings per share for the quarter.

Flag Ship Acquisition Company Profile

Flag Ship Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization with one or more businesses. The company intends to acquire businesses in Internet and high technology, financial technology, clean energy, health care, consumer and retail, energy and resources, food processing, manufacturing, and education sectors. Flag Ship Acquisition Corporation was incorporated in 2018 and is based in New York, New York.