FIGX Capital Acquisition Corp. (NASDAQ:FIGX) Short Interest Update

FIGX Capital Acquisition Corp. (NASDAQ:FIGX) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 21,459 shares, an increase of 7,847.8% from the May 31st total of 270 shares. Based on an average trading volume of 59,291 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

FIGX Capital Acquisition Stock Up 0.2%

Shares of FIGX traded up $0.02 during midday trading on Thursday, reaching $10.24. The company had a trading volume of 238,123 shares, compared to its average volume of 34,507. FIGX Capital Acquisition has a 1-year low of $9.95 and a 1-year high of $10.30. The business has a 50 day simple moving average of $10.21.

Hedge Funds Weigh In On FIGX Capital Acquisition

A number of institutional investors have recently bought and sold shares of FIGX. Wolverine Asset Management LLC grew its stake in shares of FIGX Capital Acquisition by 32.7% in the 4th quarter. Wolverine Asset Management LLC now owns 170,033 shares of the company’s stock valued at $1,711,000 after buying an additional 41,929 shares during the period. ABC Arbitrage SA acquired a new position in FIGX Capital Acquisition in the fourth quarter valued at approximately $302,000. Wealthspring Capital LLC purchased a new position in FIGX Capital Acquisition in the fourth quarter worth approximately $5,122,000. MMCAP International Inc. SPC purchased a new position in FIGX Capital Acquisition in the fourth quarter worth approximately $5,030,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in FIGX Capital Acquisition during the fourth quarter worth $3,150,000.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of FIGX Capital Acquisition from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

FIGX Capital Acquisition Company Profile

We are a blank check company incorporated on February 20, 2025, as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. While we may pursue an initial business combination target in any industry, we currently intend to concentrate our efforts in identifying businesses in the financial industry group (FIG Sector), with a focus on differentiated private wealth/asset managers positioned to become multi-asset fund management platforms with diversified distribution channels and global market presence.