FG Merger Corp. (NASDAQ:FGMC – Get Rating) saw 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. Currently, 0.1% of the company's stock are sold short. Based on an average daily volume of 7,700 shares, the short-interest ratio is presently 0.7 days.

FG Merger Stock Up 0.3 %

Shares of FG Merger stock traded up $0.03 on Wednesday, reaching $10.03. The stock had a trading volume of 44,417 shares, compared to its average volume of 18,281. The firm's 50 day moving average price is $10.00. FG Merger has a 1 year low of $9.89 and a 1 year high of $10.50.

Institutional Investors Weigh In On FG Merger

Several institutional investors have recently bought and sold shares of the company. CSS LLC IL acquired a new position in shares of FG Merger during the second quarter worth $101,000. Karpus Management Inc. purchased a new position in FG Merger during the 2nd quarter worth $108,000. Warberg Asset Management LLC acquired a new position in FG Merger during the 2nd quarter valued at about $220,000. Robinson Capital Management LLC acquired a new position in FG Merger during the 2nd quarter valued at about $318,000. Finally, Exos Asset Management LLC purchased a new stake in FG Merger in the second quarter valued at about $725,000. 50.64% of the stock is currently owned by institutional investors and hedge funds.

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.

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