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

FIGX Capital Acquisition Corp. (NASDAQ:FIGX) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 21,459 shares, a growth of 7,847.8% from the May 31st total of 270 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 59,291 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On FIGX Capital Acquisition

Several institutional investors have recently bought and sold shares of the company. MMCAP International Inc. SPC acquired a new stake in shares of FIGX Capital Acquisition during the fourth quarter worth about $5,030,000. Mint Tower Capital Management B.V. acquired a new position in shares of FIGX Capital Acquisition in the fourth quarter valued at approximately $2,264,000. Wealthspring Capital LLC acquired a new position in shares of FIGX Capital Acquisition in the fourth quarter valued at approximately $5,122,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in FIGX Capital Acquisition during the 4th quarter worth approximately $3,150,000. Finally, Magnetar Financial LLC purchased a new stake in FIGX Capital Acquisition during the 4th quarter worth approximately $5,030,000.

Analyst Upgrades and Downgrades

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

FIGX Capital Acquisition Trading Up 0.2%

Shares of NASDAQ FIGX traded up $0.02 during trading on Thursday, reaching $10.24. The stock had a trading volume of 238,123 shares, compared to its average volume of 34,507. FIGX Capital Acquisition has a fifty-two week low of $9.95 and a fifty-two week high of $10.30. The stock has a 50-day moving average price of $10.21.

About FIGX Capital Acquisition

We are a blank check company incorporated on February 20, 2025, as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. While we may pursue an initial business combination target in any industry, we currently intend to concentrate our efforts in identifying businesses in the financial industry group (FIG Sector), with a focus on differentiated private wealth/asset managers positioned to become multi-asset fund management platforms with diversified distribution channels and global market presence.