FingerMotion, Inc. (NASDAQ:FNGR) Short Interest Update

FingerMotion, Inc. (NASDAQ:FNGR) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 1,360,000 shares, a decrease of 16.0% from the November 30th total of 1,620,000 shares. Currently, 3.3% of the shares of the company are short sold. Based on an average daily volume of 267,100 shares, the short-interest ratio is presently 5.1 days.

FingerMotion Price Performance

Shares of FNGR remained flat at $1.27 during mid-day trading on Friday. 304,563 shares of the stock traded hands, compared to its average volume of 296,880. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.48 and a current ratio of 1.48. FingerMotion has a 12 month low of $1.03 and a 12 month high of $4.36. The stock has a 50 day moving average of $1.89 and a 200-day moving average of $2.07. The stock has a market capitalization of $68.34 million, a price-to-earnings ratio of -11.55 and a beta of -0.95.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Virtu Financial LLC lifted its position in FingerMotion by 66.6% during the third quarter. Virtu Financial LLC now owns 38,439 shares of the company’s stock worth $84,000 after purchasing an additional 15,360 shares during the period. XTX Topco Ltd lifted its holdings in shares of FingerMotion by 102.5% during the 3rd quarter. XTX Topco Ltd now owns 33,531 shares of the company’s stock worth $73,000 after acquiring an additional 16,970 shares during the period. Bleakley Financial Group LLC boosted its position in shares of FingerMotion by 34.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 51,000 shares of the company’s stock worth $111,000 after acquiring an additional 13,000 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of FingerMotion during the 2nd quarter worth approximately $105,000. Finally, Ground Swell Capital LLC acquired a new position in FingerMotion during the second quarter valued at approximately $35,000. Institutional investors own 3.90% of the company’s stock.

About FingerMotion

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.