FingerMotion, Inc. (NASDAQ:FNGR) Short Interest Update

FingerMotion, Inc. (NASDAQ:FNGR) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 1,780,000 shares, an increase of 21.1% from the February 13th total of 1,470,000 shares. Based on an average daily trading volume, of 333,500 shares, the short-interest ratio is currently 5.3 days. Currently, 4.3% of the shares of the stock are sold short.

Institutional Trading of FingerMotion

A number of institutional investors have recently added to or reduced their stakes in FNGR. Virtu Financial LLC lifted its holdings in shares of FingerMotion by 34.5% in the fourth quarter. Virtu Financial LLC now owns 51,694 shares of the company’s stock valued at $62,000 after purchasing an additional 13,255 shares in the last quarter. XTX Topco Ltd lifted its holdings in shares of FingerMotion by 102.5% in the third quarter. XTX Topco Ltd now owns 33,531 shares of the company’s stock valued at $73,000 after purchasing an additional 16,970 shares in the last quarter. Bleakley Financial Group LLC lifted its holdings in shares of FingerMotion by 43.1% in the fourth quarter. Bleakley Financial Group LLC now owns 73,000 shares of the company’s stock valued at $88,000 after purchasing an additional 22,000 shares in the last quarter. Finally, Anson Funds Management LP purchased a new stake in shares of FingerMotion in the fourth quarter valued at about $871,000. Hedge funds and other institutional investors own 3.90% of the company’s stock.

FingerMotion Stock Performance

FNGR stock traded up $0.10 during trading on Wednesday, reaching $1.51. 647,361 shares of the company were exchanged, compared to its average volume of 284,173. The company has a market cap of $86.28 million, a P/E ratio of -15.10 and a beta of -0.74. FingerMotion has a 52-week low of $1.03 and a 52-week high of $3.96. The stock’s 50 day moving average price is $1.25 and its 200 day moving average price is $1.69.

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

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.