Short Interest in FIGX Capital Acquisition Corp. (NASDAQ:FIGX) Drops By 67.2%

FIGX Capital Acquisition Corp. (NASDAQ:FIGX) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 380 shares, a drop of 67.2% from the August 15th total of 1,159 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 5,354 shares, the short-interest ratio is presently 0.1 days.

FIGX Capital Acquisition Stock Performance

Shares of NASDAQ:FIGX traded up $0.01 during trading on Monday, reaching $10.33. 1,069 shares of the company were exchanged, compared to its average volume of 37,229. The business’s fifty day simple moving average is $10.29 and its 200-day simple moving average is $10.22. FIGX Capital Acquisition has a 12-month low of $9.98 and a 12-month high of $10.38.

FIGX Capital Acquisition (NASDAQ:FIGX) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.06 earnings per share (EPS) for the quarter.

Institutional Trading of FIGX Capital Acquisition

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sona Asset Management US LLC purchased a new position in FIGX Capital Acquisition during the 1st quarter valued at about $1,090,000. Radcliffe Capital Management L.P. boosted its stake in shares of FIGX Capital Acquisition by 8.2% during the fourth quarter. Radcliffe Capital Management L.P. now owns 331,994 shares of the company’s stock valued at $3,340,000 after purchasing an additional 25,041 shares in the last quarter. Magnetar Financial LLC purchased a new position in FIGX Capital Acquisition during the fourth quarter valued at approximately $5,030,000. Mint Tower Capital Management B.V. purchased a new position in FIGX Capital Acquisition during the fourth quarter valued at approximately $2,264,000. Finally, Periscope Capital Inc. raised its stake in FIGX Capital Acquisition by 27.0% in the fourth quarter. Periscope Capital Inc. now owns 444,400 shares of the company’s stock worth $4,471,000 after buying an additional 94,400 shares in the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised FIGX Capital Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, FIGX Capital Acquisition currently has a consensus 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.