FG Imperii Acquisition Corp. (NASDAQ:FGII – Get Free Report) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 1,358 shares, a decline of 36.2% from the August 31st total of 2,128 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 2,800 shares, the days-to-cover ratio is presently 0.5 days.
FG Imperii Acquisition Price Performance
FGII opened at $10.03 on Thursday. FG Imperii Acquisition has a 1-year low of $9.86 and a 1-year high of $10.04. The company has a 50 day simple moving average of $10.00.
Analysts Set New Price Targets
Separately, Weiss Ratings assumed coverage on FG Imperii Acquisition in a research report on Tuesday, July 28th. They issued a “sell (e)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in FG Imperii Acquisition stock. Robinson Capital Management LLC bought a new stake in FG Imperii Acquisition Corp. (NASDAQ:FGII – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 27,000 shares of the company’s stock, valued at approximately $269,000. Robinson Capital Management LLC owned 0.09% of FG Imperii Acquisition as of its most recent filing with the Securities and Exchange Commission (SEC).
About FG Imperii Acquisition
FG Imperii Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated to identify and complete a business combination with one or more private companies. Rather than operating a conventional business, the company raises capital through a public offering and holds those funds while its management team evaluates potential merger, acquisition, or similar transactions.
The company has indicated that it may pursue opportunities in the financial services, financial technology, software, and related technology sectors.
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