FingerMotion, Inc. (NASDAQ:FNGR) Short Interest Up 6.9% in October

FingerMotion, Inc. (NASDAQ:FNGR) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,700,000 shares, an increase of 6.9% from the October 15th total of 1,590,000 shares. Based on an average daily volume of 212,200 shares, the short-interest ratio is currently 8.0 days. Approximately 4.5% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bleakley Financial Group LLC increased its holdings in FingerMotion by 70.0% in the 1st quarter. Bleakley Financial Group LLC now owns 17,000 shares of the company’s stock worth $36,000 after buying an additional 7,000 shares in the last quarter. Ground Swell Capital LLC bought a new position in shares of FingerMotion in the second quarter worth about $35,000. XTX Topco Ltd bought a new stake in shares of FingerMotion during the 2nd quarter valued at $42,000. Simplicity Wealth LLC raised its holdings in FingerMotion by 123.5% during the second quarter. Simplicity Wealth LLC now owns 38,000 shares of the company’s stock valued at $97,000 after acquiring an additional 21,000 shares during the period. Finally, Marshall Wace LLP bought a new stake in FingerMotion during the 2nd quarter valued at approximately $105,000. Hedge funds and other institutional investors own 3.90% of the company’s stock.

FingerMotion Trading Down 2.0 %

NASDAQ:FNGR traded down $0.04 on Tuesday, reaching $1.94. 12,861 shares of the company’s stock were exchanged, compared to its average volume of 279,115. FingerMotion has a 52 week low of $1.63 and a 52 week high of $4.55. The stock has a fifty day simple moving average of $2.08 and a 200-day simple moving average of $2.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.48 and a quick ratio of 1.48.

FingerMotion (NASDAQ:FNGR) last issued its quarterly earnings results on Tuesday, October 15th. The company reported ($0.03) EPS for the quarter. The business had revenue of $8.46 million for the quarter. FingerMotion had a negative net margin of 18.29% and a negative return on equity of 49.46%.

FingerMotion Company Profile

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.