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

FingerMotion, Inc. (NASDAQ:FNGR) was the target of a significant increase in short interest during the month of 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. Approximately 4.3% of the company’s shares are short sold.

FingerMotion Stock Up 6.7 %

Shares of NASDAQ:FNGR traded up $0.10 during trading on Wednesday, reaching $1.51. The stock had a trading volume of 647,361 shares, compared to its average volume of 284,173. The business has a fifty day moving average price of $1.25 and a 200-day moving average price of $1.69. The stock has a market cap of $86.28 million, a P/E ratio of -15.10 and a beta of -0.74. FingerMotion has a fifty-two week low of $1.03 and a fifty-two week high of $3.96.

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

Hedge Funds Weigh In On FingerMotion

A number of institutional investors have recently modified their holdings of the company. XTX Topco Ltd increased its position in FingerMotion by 102.5% during the third quarter. XTX Topco Ltd now owns 33,531 shares of the company’s stock worth $73,000 after purchasing an additional 16,970 shares during the last quarter. Virtu Financial LLC increased its position in FingerMotion by 66.6% during the third quarter. Virtu Financial LLC now owns 38,439 shares of the company’s stock worth $84,000 after purchasing an additional 15,360 shares during the last quarter. Bleakley Financial Group LLC increased its position in FingerMotion by 43.1% during the fourth quarter. Bleakley Financial Group LLC now owns 73,000 shares of the company’s stock worth $88,000 after purchasing an additional 22,000 shares during the last quarter. Finally, Anson Funds Management LP acquired a new position in FingerMotion during the fourth quarter worth approximately $871,000. Institutional investors and hedge funds own 3.90% of the company’s stock.

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.