FIGX Capital Acquisition Corp. (NASDAQ:FIGX) Short Interest Update

FIGX Capital Acquisition Corp. (NASDAQ:FIGX) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 179 shares, a decrease of 52.9% from the August 31st total of 380 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 6,565 shares, the short-interest ratio is currently 0.0 days.

FIGX Capital Acquisition Stock Down 0.1%

Shares of FIGX traded down $0.01 during mid-day trading on Tuesday, reaching $10.32. The company had a trading volume of 670 shares, compared to its average volume of 28,606. FIGX Capital Acquisition has a 52-week low of $9.98 and a 52-week high of $10.38. The stock has a 50 day moving average of $10.31 and a two-hundred day moving average of $10.24.

FIGX Capital Acquisition (NASDAQ:FIGX) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.06 earnings per share for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of FIGX Capital Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On FIGX Capital Acquisition

Institutional investors have recently made changes to their positions in the company. Sona Asset Management US LLC acquired a new position in shares of FIGX Capital Acquisition in the 1st quarter valued at $1,090,000. Mint Tower Capital Management B.V. purchased a new position in FIGX Capital Acquisition in the fourth quarter valued at $2,264,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in FIGX Capital Acquisition in the fourth quarter valued at $3,150,000. Radcliffe Capital Management L.P. raised its position in shares of FIGX Capital Acquisition by 8.2% in the fourth quarter. Radcliffe Capital Management L.P. now owns 331,994 shares of the company’s stock worth $3,340,000 after acquiring an additional 25,041 shares during the period. Finally, Periscope Capital Inc. raised its position in shares of FIGX Capital Acquisition by 27.0% in the fourth quarter. Periscope Capital Inc. now owns 444,400 shares of the company’s stock worth $4,471,000 after acquiring an additional 94,400 shares during the period.

About FIGX Capital Acquisition

FIGX Capital Acquisition Corp. (NASDAQ: FIGX) is a special purpose acquisition company, or SPAC. Unlike an operating company, it was formed to identify and complete a merger, share exchange, asset acquisition, or similar business combination with one or more private companies.

The company does not have an established portfolio of products or services of its own. Its activities are primarily focused on evaluating potential acquisition targets, negotiating a transaction, and seeking shareholder approval for a proposed business combination.