Short Interest in FingerMotion, Inc. (NASDAQ:FNGR) Rises By 21.1%

FingerMotion, Inc. (NASDAQ:FNGR) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,780,000 shares, a growth of 21.1% from the February 13th total of 1,470,000 shares. Based on an average daily volume of 333,500 shares, the short-interest ratio is currently 5.3 days. Approximately 4.3% of the shares of the company are sold short.

FingerMotion Stock Up 1.8 %

FNGR traded up $0.03 during midday trading on Tuesday, reaching $1.42. The company had a trading volume of 167,951 shares, compared to its average volume of 282,719. The business has a 50-day moving average of $1.25 and a two-hundred day moving average of $1.69. FingerMotion has a 1 year low of $1.03 and a 1 year high of $3.96. The company has a market cap of $80.85 million, a P/E ratio of -14.15 and a beta of -0.74.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FNGR. Anson Funds Management LP purchased a new stake in FingerMotion in the 4th quarter worth $871,000. Bleakley Financial Group LLC grew its position in shares of 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 in the last quarter. Virtu Financial LLC grew its position in shares of FingerMotion by 34.5% during the fourth quarter. Virtu Financial LLC now owns 51,694 shares of the company’s stock worth $62,000 after purchasing an additional 13,255 shares in the last quarter. Finally, XTX Topco Ltd raised its stake in 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 purchasing an additional 16,970 shares during the period. Hedge funds and other institutional investors 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.