Flag Ship Acquisition Corporation (NASDAQ:FSHP) Sees Significant Growth in Short Interest

Flag Ship Acquisition Corporation (NASDAQ:FSHP) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 1,133 shares, a growth of 127.1% from the August 15th total of 499 shares. Based on an average daily trading volume, of 13,032 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Flag Ship Acquisition in a report on Tuesday, September 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Flag Ship Acquisition currently has a consensus rating of “Sell”.

Flag Ship Acquisition Stock Performance

Shares of FSHP opened at $11.36 on Monday. The company’s fifty day simple moving average is $11.26 and its 200 day simple moving average is $11.09. Flag Ship Acquisition has a 1-year low of $10.53 and a 1-year high of $12.00.

Insider Transactions at Flag Ship Acquisition

In other Flag Ship Acquisition news, major shareholder Mizuho Securities Usa Llc sold 85,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $11.23, for a total transaction of $954,550.00. Following the sale, the insider directly owned 315,000 shares of the company’s stock, valued at $3,537,450. The trade was a 21.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 39.06% of the company’s stock.

Institutional Investors Weigh In On Flag Ship Acquisition

An institutional investor recently bought a new stake in Flag Ship Acquisition stock. Toronto Dominion Bank bought a new stake in Flag Ship Acquisition Corporation (NASDAQ:FSHP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,480 shares of the company’s stock, valued at approximately $37,000. Toronto Dominion Bank owned about 0.07% of Flag Ship Acquisition as of its most recent filing with the Securities and Exchange Commission.

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.