Short Interest in FingerMotion, Inc. (NASDAQ:FNGR) Decreases By 16.0%

FingerMotion, Inc. (NASDAQ:FNGR) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 1,420,000 shares, a decline of 16.0% from the July 15th total of 1,690,000 shares. Based on an average daily volume of 284,700 shares, the short-interest ratio is presently 5.0 days. Approximately 3.8% of the company’s shares are sold short.

FingerMotion Stock Down 1.1 %

Shares of FNGR traded down $0.02 during mid-day trading on Friday, hitting $1.80. 99,125 shares of the company’s stock traded hands, compared to its average volume of 308,724. The firm has a market capitalization of $94.88 million, a P/E ratio of -22.50 and a beta of -1.01. The business’s 50-day moving average price is $2.22 and its 200-day moving average price is $2.58. FingerMotion has a 1 year low of $1.63 and a 1 year high of $7.97.

FingerMotion (NASDAQ:FNGR) last issued its quarterly earnings data on Friday, June 28th. The company reported ($0.03) earnings per share (EPS) for the quarter. FingerMotion had a negative net margin of 12.96% and a negative return on equity of 31.97%. The company had revenue of $8.37 million for the quarter.

Hedge Funds Weigh In On FingerMotion

A number of institutional investors have recently bought and sold shares of the stock. Ground Swell Capital LLC bought a new position in FingerMotion in the second quarter worth $35,000. Bleakley Financial Group LLC increased its stake in shares of FingerMotion by 70.0% in the 1st quarter. Bleakley Financial Group LLC now owns 17,000 shares of the company’s stock worth $36,000 after acquiring an additional 7,000 shares in the last quarter. Simplicity Wealth LLC purchased a new position in FingerMotion during the 1st quarter valued at about $36,000. Simplicity Solutions LLC bought a new stake in FingerMotion during the fourth quarter worth about $40,000. Finally, XTX Topco Ltd bought a new stake in shares of FingerMotion in the 2nd quarter worth approximately $42,000. 3.90% of the stock is owned by institutional investors.

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.