Flag Ship Acquisition Corporation (NASDAQ:FSHP) Sees Large Drop in Short Interest

Flag Ship Acquisition Corporation (NASDAQ:FSHP) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 516 shares, a decrease of 65.1% from the September 15th total of 1,477 shares. Based on an average daily volume of 2,391 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Insider Transactions at Flag Ship Acquisition

In other Flag Ship Acquisition news, major shareholder Mizuho Securities Usa Llc sold 85,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $11.23, for a total transaction of $954,550.00. Following the sale, the insider directly owned 315,000 shares in the company, valued at approximately $3,537,450. This trade represents a 21.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 60.22% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Flag Ship Acquisition stock. Berkley W R Corp boosted its position in Flag Ship Acquisition Corporation (NASDAQ:FSHP) by 8.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 434,420 shares of the company’s stock after buying an additional 33,482 shares during the quarter. Berkley W R Corp owned approximately 8.64% of Flag Ship Acquisition worth $4,748,000 as of its most recent filing with the SEC.

Flag Ship Acquisition Price Performance

FSHP stock traded up $0.03 during trading hours on Monday, reaching $11.31. 1,093 shares of the stock were exchanged, compared to its average volume of 1,985. The firm’s 50-day moving average is $11.30 and its 200-day moving average is $11.15. Flag Ship Acquisition has a 12 month low of $10.60 and a 12 month high of $12.00.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Flag Ship Acquisition in a report on Tuesday, September 8th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Flag Ship Acquisition Company Profile