Short Interest in FG Merger Corp. (NASDAQ:FGMCU) Expands By ∞

FG Merger Corp. (NASDAQ:FGMCU) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 31 shares, an increase of ∞ from the April 30th total of 0 shares. Based on an average daily volume of 202 shares, the days-to-cover ratio is presently 0.2 days.

FG Merger Price Performance

FGMCU traded down $0.01 during trading on Monday, reaching $11.08. The stock had a trading volume of 1,562 shares, compared to its average volume of 1,361. FG Merger has a one year low of $9.94 and a one year high of $12.83. The stock’s 50 day moving average is $10.85 and its two-hundred day moving average is $10.63.

Institutional Investors Weigh In On FG Merger

Several institutional investors have recently modified their holdings of FGMCU. SkyView Investment Advisors LLC purchased a new stake in shares of FG Merger during the second quarter valued at $391,000. Flow Traders U.S. LLC boosted its stake in FG Merger by 102.7% in the 3rd quarter. Flow Traders U.S. LLC now owns 62,345 shares of the company’s stock worth $514,000 after purchasing an additional 31,586 shares during the period. Finally, Clear Street Group Inc. boosted its stake in FG Merger by 238.2% in the 4th quarter. Clear Street Group Inc. now owns 16,908 shares of the company’s stock worth $139,000 after purchasing an additional 11,908 shares during the period.

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.