Fundamental Global Inc. (NASDAQ:FGF) Sees Significant Decrease in Short Interest

Fundamental Global Inc. (NASDAQ:FGF) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 35,600 shares, a decrease of 15.2% from the August 15th total of 42,000 shares. Based on an average daily volume of 25,900 shares, the days-to-cover ratio is currently 1.4 days.

Fundamental Global Stock Performance

FGF traded up $0.02 during trading on Monday, hitting $0.94. The company’s stock had a trading volume of 13,237 shares, compared to its average volume of 39,494. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.01. The firm has a market cap of $27.02 million, a PE ratio of -5.22 and a beta of 0.56. Fundamental Global has a one year low of $0.83 and a one year high of $1.85. The business’s 50 day simple moving average is $0.99 and its 200-day simple moving average is $1.17.

Fundamental Global (NASDAQ:FGF) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.22) EPS for the quarter. Fundamental Global had a negative net margin of 14.29% and a negative return on equity of 16.00%. The business had revenue of $7.87 million for the quarter.

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.