Frontier Investment Corp (NASDAQ:FICV – Get Rating) saw a significant increase in short interest in the month of December. As of December 30th, there was short interest totalling 2,500 shares, an increase of 92.3% from the December 15th total of 1,300 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 24,700 shares, the days-to-cover ratio is currently 0.1 days.
Frontier Investment Price Performance
FICV traded down $0.01 during trading on Wednesday, hitting $10.07. 405 shares of the company's stock were exchanged, compared to its average volume of 113,251. The stock has a 50 day moving average price of $9.99 and a 200 day moving average price of $9.86. Frontier Investment has a 1 year low of $9.61 and a 1 year high of $10.08.
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Frontier Investment (NASDAQ:FICV – Get Rating) last announced its earnings results on Wednesday, November 9th. The company reported $0.02 earnings per share for the quarter.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Weiss Asset Management LP purchased a new position in shares of Frontier Investment in the third quarter valued at $2,780,000. Karpus Management Inc. bought a new position in Frontier Investment during the 3rd quarter valued at $443,000. Marshall Wace LLP boosted its stake in Frontier Investment by 2.9% during the 3rd quarter. Marshall Wace LLP now owns 165,708 shares of the company's stock valued at $1,659,000 after acquiring an additional 4,700 shares during the last quarter. First Trust Capital Management L.P. bought a new position in Frontier Investment during the 3rd quarter valued at $3,502,000. Finally, Shaolin Capital Management LLC boosted its stake in Frontier Investment by 2.6% during the 3rd quarter. Shaolin Capital Management LLC now owns 390,000 shares of the company's stock valued at $3,838,000 after acquiring an additional 10,000 shares during the last quarter. 35.48% of the stock is currently owned by hedge funds and other institutional investors.
Frontier Investment Company Profile
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Frontier Investment Corp does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more businesses. It intends to search in the technology, digital media, e-commerce, financial technology, and digital services sectors in the Middle East, North Africa, Turkey, Sub-Saharan Africa, and South and Southeast Asia.
Further Reading
- Get a free copy of the StockNews.com research report on Frontier Investment (FICV)
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