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

FingerMotion, Inc. (NASDAQ:FNGR) was the target of a large 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 trading volume, of 212,200 shares, the days-to-cover ratio is currently 8.0 days. Approximately 4.5% of the company’s shares are sold short.

FingerMotion Trading Down 2.8 %

NASDAQ FNGR traded down $0.06 during trading hours on Tuesday, reaching $1.93. The company’s stock had a trading volume of 60,230 shares, compared to its average volume of 279,326. The firm has a fifty day simple moving average of $2.08 and a 200-day simple moving average of $2.34. The stock has a market cap of $103.58 million, a P/E ratio of -17.64 and a beta of -0.97. FingerMotion has a 52 week low of $1.63 and a 52 week high of $4.55. 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 released its quarterly earnings results on Tuesday, October 15th. The company reported ($0.03) earnings per share (EPS) for the quarter. FingerMotion had a negative return on equity of 49.46% and a negative net margin of 18.29%. The firm had revenue of $8.46 million for the quarter.

Institutional Investors Weigh In On FingerMotion

A number of institutional investors have recently modified their holdings of the company. Bleakley Financial Group LLC boosted its stake in shares of FingerMotion by 34.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 51,000 shares of the company’s stock valued at $111,000 after purchasing an additional 13,000 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of FingerMotion during the 2nd quarter valued at $105,000. Simplicity Wealth LLC lifted its position in shares of FingerMotion by 123.5% during the 2nd 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. XTX Topco Ltd lifted its position in shares of FingerMotion by 102.5% during the 3rd quarter. XTX Topco Ltd now owns 33,531 shares of the company’s stock valued at $73,000 after acquiring an additional 16,970 shares during the period. Finally, Ground Swell Capital LLC acquired a new position in shares of FingerMotion during the 2nd quarter valued at $35,000. 3.90% of the stock is owned by institutional investors.

About FingerMotion

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.