Short Interest in FG Merger Corp. (NASDAQ:FGMCU) Expands By ∞

FG Merger Corp. (NASDAQ:FGMCU) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 31 shares, an increase of ∞ from the April 30th total of 0 shares. Based on an average trading volume of 202 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On FG Merger

A number of institutional investors and hedge funds have recently modified their holdings of FGMCU. Flow Traders U.S. LLC boosted its holdings in shares of FG Merger by 45.0% in the 2nd quarter. Flow Traders U.S. LLC now owns 30,759 shares of the company’s stock worth $254,000 after purchasing an additional 9,544 shares during the period. SkyView Investment Advisors LLC purchased a new stake in shares of FG Merger in the 2nd quarter worth $391,000. Finally, Clear Street Group Inc. purchased a new stake in shares of FG Merger in the 3rd quarter worth $41,000.

FG Merger Stock Performance

NASDAQ:FGMCU traded down $0.01 during trading hours on Monday, reaching $11.08. The stock had a trading volume of 1,562 shares, compared to its average volume of 1,361. FG Merger has a 52 week low of $9.94 and a 52 week high of $12.83. The company has a 50 day moving average price of $10.85 and a two-hundred day moving average price of $10.63.

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.