Short Interest in FG Merger Corp. (NASDAQ:FGMCU) Drops By 28.9%
by Scott Moore · The Cerbat GemFG Merger Corp. (NASDAQ:FGMCU – Get Free Report) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 27 shares, a drop of 28.9% from the November 30th total of 38 shares. Based on an average daily trading volume, of 624 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 624 shares, the days-to-cover ratio is currently 0.0 days.
FG Merger Stock Performance
NASDAQ:FGMCU traded up $0.01 during trading hours on Monday, reaching $10.41. The company had a trading volume of 20 shares, compared to its average volume of 18,467. The stock has a 50-day moving average of $10.41 and a two-hundred day moving average of $10.29. FG Merger has a one year low of $9.70 and a one year high of $11.24.
Hedge Funds Weigh In On FG Merger
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Clear Street Group Inc. acquired a new stake in shares of FG Merger during the third quarter worth approximately $41,000. Flow Traders U.S. LLC grew its position in FG Merger by 45.0% during the 2nd quarter. Flow Traders U.S. LLC now owns 30,759 shares of the company’s stock worth $254,000 after acquiring an additional 9,544 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in FG Merger during the 2nd quarter valued at $348,000. SkyView Investment Advisors LLC bought a new position in FG Merger in the 2nd quarter valued at $391,000. Finally, Polar Asset Management Partners Inc. acquired a new position in FG Merger in the first quarter worth $560,000.
About FG Merger
FG Merger Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company intends to focus its search for a target business in the financial services industry in North America. FG Merger Corp. was incorporated in 2020 and is based in Itasca, Illinois.