Short Interest in Fundamental Global Inc. (NASDAQ:FGF) Increases By 1,696.8%

Fundamental Global Inc. (NASDAQ:FGF) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 113,200 shares, a growth of 1,696.8% from the October 31st total of 6,300 shares. Based on an average daily volume of 17,000 shares, the days-to-cover ratio is currently 6.7 days. Currently, 10.0% of the company’s stock are short sold.

Fundamental Global Stock Performance

NASDAQ FGF traded up $0.04 during trading hours on Wednesday, hitting $32.00. The company had a trading volume of 8,256 shares, compared to its average volume of 6,024. The company has a market cap of $40.32 million, a PE ratio of 24.40 and a beta of 0.55. The business has a 50 day moving average of $24.35 and a 200-day moving average of $25.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.11. Fundamental Global has a 1-year low of $14.21 and a 1-year high of $40.75.

Fundamental Global Company Profile

Fundamental Global Inc engages in reinsurance, merchant banking, and asset management business. The company offers initial public offering services. It also offers specialty property and casualty reinsurance services. In addition, the company provides investment advisory services. The company was formerly known as Ballantyne Strong, Inc and changed its name to FG Group Holdings Inc in December 2022.