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

FingerMotion, Inc. (NASDAQ:FNGR) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,700,000 shares, a growth of 6.9% from the October 15th total of 1,590,000 shares. Approximately 4.5% of the company’s stock are sold short. Based on an average trading volume of 212,200 shares, the short-interest ratio is presently 8.0 days.

FingerMotion Stock Down 2.8 %

Shares of FingerMotion stock traded down $0.06 during trading on Tuesday, reaching $1.93. 60,230 shares of the company traded hands, compared to its average volume of 279,326. 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 has a 1-year low of $1.63 and a 1-year high of $4.55. The company has a 50 day moving average price of $2.08 and a 200-day moving average price of $2.34. The firm has a market capitalization of $103.58 million, a PE ratio of -17.64 and a beta of -0.97.

FingerMotion (NASDAQ:FNGR) last released its earnings results on Tuesday, October 15th. The company reported ($0.03) earnings per share (EPS) for the quarter. FingerMotion had a negative net margin of 18.29% and a negative return on equity of 49.46%. The company had revenue of $8.46 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Ground Swell Capital LLC acquired a new position in FingerMotion during the second quarter worth $35,000. XTX Topco Ltd acquired a new position in FingerMotion during the second quarter worth $42,000. Bleakley Financial Group LLC raised its holdings in FingerMotion by 70.0% during the first quarter. Bleakley Financial Group LLC now owns 17,000 shares of the company’s stock worth $36,000 after buying an additional 7,000 shares during the last quarter. Simplicity Wealth LLC raised its holdings in FingerMotion by 123.5% during the second quarter. Simplicity Wealth LLC now owns 38,000 shares of the company’s stock worth $97,000 after buying an additional 21,000 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in FingerMotion during the second quarter worth $105,000. Institutional investors and hedge funds 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.