FG Merger II Corp. (NASDAQ:FGMC) Short Interest Down 38.2% in October

FG Merger II Corp. (NASDAQ:FGMC) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 28,800 shares, a decline of 38.2% from the September 30th total of 46,600 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 63,800 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily trading volume, of 63,800 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are sold short.

FG Merger II Price Performance

NASDAQ FGMC traded down $0.02 during mid-day trading on Monday, hitting $10.02. The stock had a trading volume of 12,197 shares, compared to its average volume of 49,702. The firm’s 50 day moving average is $10.00 and its 200 day moving average is $9.88. FG Merger II has a twelve month low of $9.53 and a twelve month high of $10.10. The stock has a market capitalization of $26.05 million and a price-to-earnings ratio of 1,002.00.

Institutional Trading of FG Merger II

Large investors have recently bought and sold shares of the business. Flow Traders U.S. LLC purchased a new stake in FG Merger II during the 2nd quarter valued at about $115,000. Warberg Asset Management LLC purchased a new stake in FG Merger II in the 1st quarter valued at $144,000. Crossingbridge Advisors LLC purchased a new stake in FG Merger II in the 2nd quarter valued at $242,000. Wolverine Asset Management LLC purchased a new stake in FG Merger II in the 2nd quarter valued at $277,000. Finally, SkyView Investment Advisors LLC purchased a new stake in FG Merger II in the 2nd quarter valued at $789,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of FG Merger II in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

FG Merger II Company Profile

FG Merger II Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on September 20, 2023 and is headquartered in Itasca, IL.