Flag Ship Acquisition Corporation (NASDAQ:FSHP) Stock Short Interest Report for September

Flag Ship Acquisition Corporation (NASDAQ:FSHP) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 516 shares, a decrease of 65.1% from the September 15th total of 1,477 shares. Based on an average daily volume of 2,391 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Insider Activity at Flag Ship Acquisition

In other news, major shareholder Mizuho Securities Usa Llc sold 85,000 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $11.23, for a total transaction of $954,550.00. Following the completion of the transaction, the insider directly owned 315,000 shares in the company, valued at approximately $3,537,450. This represents a 21.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 60.22% of the company’s stock.

Hedge Funds Weigh In On Flag Ship Acquisition

An institutional investor recently raised its stake in Flag Ship Acquisition stock. Berkley W R Corp raised its holdings in shares of Flag Ship Acquisition Corporation (NASDAQ:FSHP) by 8.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 434,420 shares of the company’s stock after purchasing an additional 33,482 shares during the period. Berkley W R Corp owned about 8.64% of Flag Ship Acquisition worth $4,748,000 as of its most recent SEC filing.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Flag Ship Acquisition in a research note on Tuesday, September 8th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, Flag Ship Acquisition has an average rating of “Sell”.

Flag Ship Acquisition Trading Up 0.2%

NASDAQ FSHP traded up $0.02 on Tuesday, hitting $11.30. 1,093 shares of the stock traded hands, compared to its average volume of 1,985. The stock has a 50-day moving average of $11.30 and a 200 day moving average of $11.15. Flag Ship Acquisition has a twelve month low of $10.60 and a twelve month high of $12.00.

About Flag Ship Acquisition