FingerMotion, Inc. (NASDAQ:FNGR) Short Interest Update

FingerMotion, Inc. (NASDAQ:FNGR) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 8,754,925 shares, an increase of 846.8% from the August 15th total of 924,706 shares. Approximately 14.9% of the company’s shares are short sold. Based on an average daily volume of 132,012,882 shares, the short-interest ratio is currently 0.1 days.

FingerMotion Price Performance

Shares of NASDAQ:FNGR traded up $0.01 during midday trading on Thursday, hitting $0.19. The company had a trading volume of 12,248,375 shares, compared to its average volume of 13,764,741. The company has a market cap of $13.43 million, a price-to-earnings ratio of -1.55 and a beta of -0.37. FingerMotion has a 12-month low of $0.15 and a 12-month high of $2.20. The company has a fifty day moving average of $0.27 and a two-hundred day moving average of $0.68.

FingerMotion (NASDAQ:FNGR) last released its earnings results on Wednesday, July 15th. The company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). FingerMotion had a negative net margin of 42.81% and a negative return on equity of 46.67%. The company had revenue of $0.65 million for the quarter, compared to analysts’ expectations of $6.00 million.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of FingerMotion from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, FingerMotion presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FNGR. Platform Technology Partners increased its position in FingerMotion by 54.9% during the first quarter. Platform Technology Partners now owns 259,643 shares of the company’s stock valued at $258,000 after acquiring an additional 92,028 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of FingerMotion during the 4th quarter worth approximately $34,000. Barclays PLC purchased a new position in FingerMotion during the 4th quarter valued at $37,000. Goldman Sachs Group Inc. bought a new position in FingerMotion in the 4th quarter valued at $85,000. Finally, Qube Research & Technologies Ltd grew its position in FingerMotion by 75.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 41,534 shares of the company’s stock valued at $66,000 after acquiring an additional 17,836 shares during the last quarter. 3.90% of the stock is currently owned by institutional investors.

FingerMotion Company Profile

FingerMotion, Inc is a mobile technology solutions provider focused on delivering affordable smartphones and digital services to emerging markets. The company’s core operations include the design, manufacture, and distribution of mobile devices under its proprietary Spyce brand, offering entry-level and mid-range handsets optimized for performance, security, and ease of use. FingerMotion integrates embedded software applications and firmware enhancements to improve user experience, device management, and after-sales support.

In addition to hardware, FingerMotion has developed a suite of mobile financial services and digital commerce offerings.