FG Merger Corp. (NASDAQ:FGMCU) Short Interest Update

FG Merger Corp. (NASDAQ:FGMCU) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 37 shares, a drop of 99.1% from the June 30th total of 4,175 shares. Based on an average daily trading volume, of 253 shares, the short-interest ratio is presently 0.1 days.

FG Merger Stock Performance

NASDAQ:FGMCU remained flat at $8.97 on Friday. The firm has a fifty day moving average price of $11.22 and a two-hundred day moving average price of $10.87. FG Merger has a 1 year low of $8.97 and a 1 year high of $19.10.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FGMCU. Clear Street Group Inc. raised its holdings in FG Merger by 238.2% during the fourth quarter. Clear Street Group Inc. now owns 16,908 shares of the company’s stock valued at $139,000 after buying an additional 11,908 shares in the last quarter. Flow Traders U.S. LLC grew its stake in shares of FG Merger by 102.7% in the third quarter. Flow Traders U.S. LLC now owns 62,345 shares of the company’s stock worth $514,000 after acquiring an additional 31,586 shares during the last quarter. Finally, SkyView Investment Advisors LLC acquired a new stake in FG Merger in the 2nd quarter worth $391,000.

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.