FG Merger Corp. (NASDAQ:FGMCU) Short Interest Up 100.0% in January

FG Merger Corp. (NASDAQ:FGMCU) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 48 shares, an increase of 100.0% from the December 31st total of 24 shares. Based on an average daily trading volume, of 1,041 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 1,041 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On FG Merger

Several hedge funds have recently bought and sold shares of FGMCU. Clear Street LLC boosted its position in FG Merger by 1,131.9% during the second quarter. Clear Street LLC now owns 195,433 shares of the company’s stock worth $1,612,000 after purchasing an additional 179,569 shares in the last quarter. SkyView Investment Advisors LLC acquired a new position in shares of FG Merger during the 2nd quarter worth $391,000. Highbridge Capital Management LLC acquired a new position in shares of FG Merger during the 2nd quarter worth $348,000. Flow Traders U.S. LLC boosted its position in shares of FG Merger by 102.7% in the 3rd quarter. Flow Traders U.S. LLC now owns 62,345 shares of the company’s stock worth $514,000 after buying an additional 31,586 shares in the last quarter. Finally, Clear Street Group Inc. acquired a new stake in FG Merger in the 3rd quarter valued at about $41,000.

FG Merger Stock Performance

Shares of FGMCU opened at $10.56 on Friday. FG Merger has a twelve month low of $9.70 and a twelve month high of $11.24. The firm’s 50-day moving average is $10.48 and its two-hundred day moving average is $10.37.

FG Merger Company Profile

FG Merger Corp. focuses on effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company intends to focus its search for a target business in the financial services industry in North America. FG Merger Corp. was incorporated in 2020 and is based in Itasca, Illinois.