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

by · The Markets Daily

FingerMotion, Inc. (NASDAQ:FNGR – Get Free Report) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 924,706 shares, a decrease of 47.5% from the July 30th total of 1,761,662 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily volume of 6,121,965 shares, the short-interest ratio is currently 0.2 days.

FingerMotion Stock Performance

NASDAQ FNGR traded down $0.17 during trading hours on Monday, hitting $0.22. 67,656,964 shares of the company’s stock were exchanged, compared to its average volume of 9,634,484. The business’s 50 day moving average is $0.31 and its 200-day moving average is $0.74. FingerMotion has a 12-month low of $0.15 and a 12-month high of $2.20. The firm has a market capitalization of $13.67 million, a P/E ratio of -1.86 and a beta of -0.39.

FingerMotion (NASDAQ:FNGR – Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). FingerMotion had a negative return on equity of 46.67% and a negative net margin of 42.81%.The company had revenue of $0.65 million during the quarter, compared to analysts’ expectations of $6.00 million.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of FingerMotion from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, FingerMotion has an average rating of “Sell”.

Check Out Our Latest Analysis on FingerMotion

Hedge Funds Weigh In On FingerMotion

A number of hedge funds have recently made changes to their positions in the stock. WINTON GROUP Ltd acquired a new stake in shares of FingerMotion in the second quarter worth $26,000. Qube Research & Technologies Ltd lifted its holdings in shares of FingerMotion by 75.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 41,534 shares of the company’s stock valued at $66,000 after acquiring an additional 17,836 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of FingerMotion during the 2nd quarter valued at $42,000. Barclays PLC acquired a new position in shares of FingerMotion during the 4th quarter valued at $37,000. Finally, Envestnet Asset Management Inc. boosted its position in FingerMotion by 143.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 60,029 shares of the company’s stock worth $95,000 after purchasing an additional 35,388 shares during the period. Institutional investors and hedge funds own 3.90% of the company’s stock.

About FingerMotion

(Get Free Report)

FingerMotion, Inc is a mobile technology solutions provider focused on delivering affordable smartphones and digital services to emerging markets. The company’s core operations include the design, manufacture, and distribution of mobile devices under its proprietary Spyce brand, offering entry-level and mid-range handsets optimized for performance, security, and ease of use. FingerMotion integrates embedded software applications and firmware enhancements to improve user experience, device management, and after-sales support.

In addition to hardware, FingerMotion has developed a suite of mobile financial services and digital commerce offerings.

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