FG Merger Corp. (NASDAQ:FGMCU) Short Interest Update

FG Merger Corp. (NASDAQ:FGMCU) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 4,175 shares, a drop of 52.1% from the June 15th total of 8,713 shares. Based on an average trading volume of 1,336 shares, the days-to-cover ratio is presently 3.1 days.

FG Merger Stock Performance

Shares of FGMCU remained flat at $10.35 during trading hours on Wednesday. The company had a trading volume of 12 shares, compared to its average volume of 3,349. FG Merger has a 52-week low of $9.30 and a 52-week high of $19.10. The stock has a 50-day moving average price of $11.50 and a 200-day moving average price of $10.94.

Institutional Investors Weigh In On FG Merger

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clear Street Group Inc. acquired a new position in shares of FG Merger during the 3rd quarter worth approximately $41,000. Flow Traders U.S. LLC increased its holdings in shares of FG Merger by 45.0% in the second quarter. Flow Traders U.S. LLC now owns 30,759 shares of the company’s stock valued at $254,000 after purchasing an additional 9,544 shares during the last quarter. Finally, SkyView Investment Advisors LLC acquired a new stake in shares of FG Merger in the second quarter valued at approximately $391,000.

About FG Merger

FG Merger Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company intends to focus its search for a target business in the financial services industry in North America. FG Merger Corp. was incorporated in 2020 and is based in Itasca, Illinois.