FingerMotion, Inc. (NASDAQ:FNGR) Short Interest Down 5.9% in November

FingerMotion, Inc. (NASDAQ:FNGR) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 1,600,000 shares, a drop of 5.9% from the October 31st total of 1,700,000 shares. Currently, 4.2% of the company’s stock are sold short. Based on an average trading volume of 172,700 shares, the short-interest ratio is presently 9.3 days.

FingerMotion Stock Down 0.5 %

Shares of NASDAQ:FNGR traded down $0.01 during trading on Tuesday, reaching $2.01. 8,304 shares of the stock were exchanged, compared to its average volume of 274,347. FingerMotion has a 1-year low of $1.63 and a 1-year high of $4.50. The stock has a fifty day moving average of $2.04 and a two-hundred day moving average of $2.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a market cap of $108.16 million, a price-to-earnings ratio of -18.27 and a beta of -0.95.

FingerMotion (NASDAQ:FNGR) last issued its quarterly earnings data on Tuesday, October 15th. The company reported ($0.03) earnings per share (EPS) for the quarter. FingerMotion had a negative net margin of 18.29% and a negative return on equity of 49.46%. The business had revenue of $8.46 million for the quarter.

Institutional Trading of FingerMotion

Several institutional investors and hedge funds have recently modified their holdings of FNGR. Simplicity Wealth LLC boosted its position in shares of FingerMotion by 123.5% during the second quarter. Simplicity Wealth LLC now owns 38,000 shares of the company’s stock valued at $97,000 after buying an additional 21,000 shares during the last quarter. Ground Swell Capital LLC purchased a new position in FingerMotion during the 2nd quarter worth $35,000. XTX Topco Ltd bought a new stake in shares of FingerMotion in the 2nd quarter worth $42,000. Marshall Wace LLP purchased a new stake in shares of FingerMotion in the second quarter valued at about $105,000. Finally, Bleakley Financial Group LLC raised its holdings in shares of FingerMotion by 34.2% in the third quarter. Bleakley Financial Group LLC now owns 51,000 shares of the company’s stock valued at $111,000 after purchasing an additional 13,000 shares during the last quarter. 3.90% of the stock is owned by hedge funds and other institutional investors.

FingerMotion Company Profile

FingerMotion, Inc, a mobile data specialist company, provides mobile payment and recharge platform system in China. The company offers telecommunication products and services, including data plans, subscription plans, mobile phones, and loyalty points redemption services; bulk short message service and multimedia messaging services; and Rich Communication Services (RCS) platform, a proprietary business messaging platform that enables businesses and brands to communicate and service their customers on the 5G infrastructure.