FingerMotion, Inc. (NASDAQ:FNGR) Sees Large Growth in Short Interest

FingerMotion, Inc. (NASDAQ:FNGR) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 1,310,000 shares, an increase of 9.2% from the January 15th total of 1,200,000 shares. Currently, 3.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 299,000 shares, the days-to-cover ratio is currently 4.4 days.

FingerMotion Stock Up 0.9 %

FingerMotion stock opened at $1.17 on Tuesday. The company’s 50-day moving average price is $1.35 and its 200-day moving average price is $1.80. FingerMotion has a twelve month low of $1.03 and a twelve month high of $3.96. The company has a market cap of $66.85 million, a PE ratio of -11.70 and a beta of -0.77.

FingerMotion (NASDAQ:FNGR) last released its quarterly earnings data on Tuesday, January 14th. The company reported ($0.03) earnings per share (EPS) for the quarter. FingerMotion had a negative net margin of 16.14% and a negative return on equity of 51.57%.

Institutional Trading of FingerMotion

A number of hedge funds have recently added to or reduced their stakes in FNGR. Anson Funds Management LP acquired a new stake in shares of FingerMotion during the fourth quarter valued at about $871,000. Virtu Financial LLC grew its holdings in FingerMotion by 34.5% during the 4th quarter. Virtu Financial LLC now owns 51,694 shares of the company’s stock worth $62,000 after acquiring an additional 13,255 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in FingerMotion by 43.1% during the 4th quarter. Bleakley Financial Group LLC now owns 73,000 shares of the company’s stock worth $88,000 after acquiring an additional 22,000 shares in the last quarter. Finally, XTX Topco Ltd boosted its holdings in shares of FingerMotion by 102.5% in the 3rd quarter. XTX Topco Ltd now owns 33,531 shares of the company’s stock valued at $73,000 after buying an additional 16,970 shares in the last quarter. 3.90% of the stock is owned by hedge funds and other institutional investors.

About FingerMotion

FingerMotion, Inc, a mobile data specialist company, provides mobile payment and recharge platform system in China. The company offers telecommunication products and services, including data plans, subscription plans, mobile phones, and loyalty points redemption services; bulk short message service and multimedia messaging services; and Rich Communication Services (RCS) platform, a proprietary business messaging platform that enables businesses and brands to communicate and service their customers on the 5G infrastructure.