Short Interest in FingerMotion, Inc. (NASDAQ:FNGR) Expands By 9.2%

FingerMotion, Inc. (NASDAQ:FNGR) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 1,310,000 shares, a growth of 9.2% from the January 15th total of 1,200,000 shares. Currently, 3.1% of the company’s shares are short sold. Based on an average daily volume of 299,000 shares, the days-to-cover ratio is presently 4.4 days.

FingerMotion Stock Performance

NASDAQ:FNGR traded up $0.01 on Friday, hitting $1.17. 299,969 shares of the stock were exchanged, compared to its average volume of 182,789. The company’s 50-day moving average price is $1.36 and its 200 day moving average price is $1.81. FingerMotion has a 52 week low of $1.03 and a 52 week high of $3.96.

FingerMotion (NASDAQ:FNGR) last announced its quarterly earnings results on Tuesday, January 14th. The company reported ($0.03) earnings per share for the quarter. FingerMotion had a negative net margin of 16.14% and a negative return on equity of 51.57%.

Institutional Trading of FingerMotion

Hedge funds have recently modified their holdings of the company. Virtu Financial LLC raised its position in shares of FingerMotion by 34.5% in the 4th quarter. Virtu Financial LLC now owns 51,694 shares of the company’s stock valued at $62,000 after acquiring an additional 13,255 shares during the period. XTX Topco Ltd raised its holdings in 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 buying an additional 16,970 shares during the period. Finally, Bleakley Financial Group LLC raised its holdings in FingerMotion by 43.1% during the 4th quarter. Bleakley Financial Group LLC now owns 73,000 shares of the company’s stock worth $88,000 after buying an additional 22,000 shares during the period. 3.90% of the stock is currently owned by institutional investors and hedge funds.

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.