FG Merger Corp. (NASDAQ:FGMCU) Sees Large Drop in Short Interest

FG Merger Corp. (NASDAQ:FGMCU) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 27 shares, a drop of 28.9% from the November 30th total of 38 shares. Based on an average daily trading volume, of 624 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 624 shares, the short-interest ratio is currently 0.0 days.

FG Merger Stock Performance

FGMCU traded down $0.01 during trading on Tuesday, reaching $10.40. 254 shares of the stock traded hands, compared to its average volume of 18,366. FG Merger has a 12 month low of $9.70 and a 12 month high of $11.24. The stock’s 50-day moving average is $10.40 and its 200 day moving average is $10.29.

Institutional Trading of FG Merger

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clear Street LLC boosted its holdings in FG Merger by 1,131.9% in the second quarter. Clear Street LLC now owns 195,433 shares of the company’s stock valued at $1,612,000 after acquiring an additional 179,569 shares in the last quarter. Polar Asset Management Partners Inc. bought a new stake in shares of FG Merger during the 1st quarter valued at about $560,000. Flow Traders U.S. LLC increased its position in shares of FG Merger by 102.7% during the third quarter. Flow Traders U.S. LLC now owns 62,345 shares of the company’s stock valued at $514,000 after buying an additional 31,586 shares during the period. SkyView Investment Advisors LLC bought a new position in FG Merger in the second quarter worth about $391,000. Finally, Highbridge Capital Management LLC bought a new position in FG Merger in the second quarter worth about $348,000.

About FG Merger

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.