FIGX Capital Acquisition Corp. (NASDAQ:FIGXW – Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 9,981 shares, a decline of 34.9% from the September 30th total of 15,336 shares. Based on an average daily volume of 6,118 shares, the short-interest ratio is presently 1.6 days.
FIGX Capital Acquisition Stock Performance
Shares of NASDAQ:FIGXW opened at $0.16 on Wednesday. FIGX Capital Acquisition has a 12 month low of $0.11 and a 12 month high of $0.35. The firm’s 50-day moving average is $0.16 and its 200 day moving average is $0.23.
FIGX Capital Acquisition Company Profile
FIGX Capital Acquisition is a special purpose acquisition company (SPAC) formed to identify and complete a merger, acquisition, or similar business combination with one or more operating businesses. Unlike an operating company, it does not appear to have an established portfolio of products or services of its own.
The company’s securities include warrants traded under the Nasdaq symbol FIGXW. These warrants generally provide holders with the right to purchase shares of the combined company under specified terms if a business combination is completed, although the applicable terms should be reviewed in the company’s filings.
Publicly available information about FIGX Capital Acquisition’s target industry, geographic focus, operating activities, and leadership is limited.
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