FingerMotion, Inc. (NASDAQ:FNGR) Stock Short Interest Climbs 216.6%

FingerMotion, Inc. (NASDAQ:FNGR) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 11,696,865 shares, an increase of 216.6% from the September 15th total of 3,694,448 shares. Based on an average trading volume of 49,731,968 shares, the days-to-cover ratio is presently 0.2 days. Approximately 20.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of FingerMotion in a research report on Friday, September 18th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, FingerMotion has a consensus rating of “Sell”.

FingerMotion Stock Up 11.8%

NASDAQ:FNGR traded up $0.02 on Tuesday, reaching $0.21. 4,746,045 shares of the company’s stock were exchanged, compared to its average volume of 13,560,766. The firm has a market capitalization of $15.02 million, a price-to-earnings ratio of -1.73 and a beta of -0.33. The business has a fifty day moving average of $0.21 and a 200-day moving average of $0.52. FingerMotion has a 52-week low of $0.13 and a 52-week high of $1.74.

FingerMotion (NASDAQ:FNGR) last issued its quarterly earnings results on Wednesday, July 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). The business had revenue of $0.65 million for the quarter, compared to analysts’ expectations of $6.00 million. FingerMotion had a negative net margin of 42.81% and a negative return on equity of 46.67%.

Hedge Funds Weigh In On FingerMotion

An institutional investor recently raised its position in FingerMotion stock. Platform Technology Partners lifted its stake in shares of FingerMotion, Inc. (NASDAQ:FNGR) by 54.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 259,643 shares of the company’s stock after acquiring an additional 92,028 shares during the quarter. Platform Technology Partners owned 0.42% of FingerMotion worth $258,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 3.90% of the company’s stock.

FingerMotion Company Profile

FingerMotion, Inc (NASDAQ: FNGR) is a mobile technology and services company focused primarily on the Chinese market. Through its subsidiaries and operating partners, the company provides mobile payment and recharge services, messaging solutions, and other mobile-related products designed to support consumers and businesses.

FingerMotion’s business activities have included SMS and multimedia messaging services, mobile data and communications solutions, and technology platforms that use data analytics to generate business insights.