Frontier Investment Corp (NASDAQ:FICV – Get Rating) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,800 shares, an increase of 350.0% from the April 30th total of 400 shares. Based on an average trading volume of 32,700 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.
Institutional Investors Weigh In On Frontier Investment
Several hedge funds have recently modified their holdings of the company. First Trust Capital Management L.P. bought a new position in Frontier Investment in the third quarter valued at $3,502,000. Wealthspring Capital LLC purchased a new position in shares of Frontier Investment during the 4th quarter worth $629,000. Karpus Management Inc. bought a new position in shares of Frontier Investment during the 3rd quarter valued at about $443,000. Schechter Investment Advisors LLC bought a new position in Frontier Investment in the 4th quarter worth about $3,232,000. Finally, Wolverine Asset Management LLC boosted its stake in Frontier Investment by 308.8% in the fourth quarter. Wolverine Asset Management LLC now owns 359,771 shares of the company’s stock valued at $3,605,000 after acquiring an additional 271,772 shares in the last quarter. Institutional investors and hedge funds own 35.48% of the company’s stock.
Frontier Investment Price Performance
Frontier Investment stock traded down $0.01 during midday trading on Friday, hitting $10.31. 6,855 shares of the company were exchanged, compared to its average volume of 40,048. The company has a market cap of $257.75 million, a PE ratio of 60.65 and a beta of 0.01. The company’s fifty day moving average price is $10.26 and its 200-day moving average price is $10.13. Frontier Investment has a fifty-two week low of $9.68 and a fifty-two week high of $10.69.
Frontier Investment Company Profile
Frontier Investment Corp does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to search in the technology, digital media, e-commerce, financial technology, and digital services sectors in the Middle East, North Africa, Turkey, Sub-Saharan Africa, and South and Southeast Asia.
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