Short Interest in FIGX Capital Acquisition Corp. (NASDAQ:FIGX) Declines By 67.2%

by · The Markets Daily

FIGX Capital Acquisition Corp. (NASDAQ:FIGX – Get Free Report) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 380 shares, a decrease of 67.2% from the August 15th total of 1,159 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 5,354 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On FIGX Capital Acquisition

Several institutional investors and hedge funds have recently bought and sold shares of FIGX. Sona Asset Management US LLC bought a new stake in FIGX Capital Acquisition during the first quarter valued at about $1,090,000. MMCAP International Inc. SPC bought a new position in shares of FIGX Capital Acquisition in the fourth quarter worth about $5,030,000. Mint Tower Capital Management B.V. bought a new position in shares of FIGX Capital Acquisition in the fourth quarter worth about $2,264,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of FIGX Capital Acquisition during the 4th quarter valued at about $3,150,000. Finally, Periscope Capital Inc. lifted its position in shares of FIGX Capital Acquisition by 27.0% during the 4th quarter. Periscope Capital Inc. now owns 444,400 shares of the company’s stock valued at $4,471,000 after buying an additional 94,400 shares in the last quarter.

FIGX Capital Acquisition Stock Up 0.0%

FIGX stock traded up $0.01 during midday trading on Friday, reaching $10.32. 36,738 shares of the company’s stock traded hands, compared to its average volume of 4,326. FIGX Capital Acquisition has a 52-week low of $9.98 and a 52-week high of $10.36. The stock’s 50-day moving average is $10.29 and its 200 day moving average is $10.22.

FIGX Capital Acquisition (NASDAQ:FIGX – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.06 earnings per share for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised FIGX Capital Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, FIGX Capital Acquisition has a consensus rating of “Sell”.

Read Our Latest Research Report on FIGX Capital Acquisition

About FIGX Capital Acquisition

(Get Free Report)

We are a blank check company incorporated on February 20, 2025, as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. While we may pursue an initial business combination target in any industry, we currently intend to concentrate our efforts in identifying businesses in the financial industry group (FIG Sector), with a focus on differentiated private wealth/asset managers positioned to become multi-asset fund management platforms with diversified distribution channels and global market presence.

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