FG Merger Corp. (NASDAQ:FGMC – Get Rating) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 5,300 shares, a growth of 211.8% from the August 31st total of 1,700 shares. Approximately 0.1% of the company's shares are sold short. Based on an average daily trading volume, of 7,700 shares, the short-interest ratio is currently 0.7 days.

FG Merger Stock Up 0.3 %

NASDAQ FGMC traded up $0.03 during mid-day trading on Wednesday, reaching $10.03. 44,417 shares of the stock were exchanged, compared to its average volume of 18,281. FG Merger has a one year low of $9.89 and a one year high of $10.50. The company has a 50 day moving average of $10.00.

Institutional Investors Weigh In On FG Merger

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hudson Bay Capital Management LP bought a new stake in FG Merger in the second quarter valued at $5,970,000. CVI Holdings LLC bought a new stake in FG Merger in the second quarter valued at $5,970,000. Linden Advisors LP bought a new stake in FG Merger in the second quarter valued at $5,472,000. Cubist Systematic Strategies LLC bought a new stake in FG Merger in the second quarter valued at $3,526,000. Finally, MMCAP International Inc. SPC bought a new stake in FG Merger in the second quarter valued at $2,985,000. 50.64% of the stock is owned by institutional investors.

About FG Merger

FG Merger Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. It intends to focus its search for a target business in the financial services industry in North America. The company was incorporated in 2020 and is based in Itasca, Illinois.

Further Reading

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