FG Merger Corp. (NASDAQ:FGMCU) Short Interest Update

FG Merger Corp. (NASDAQ:FGMCU) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 8,713 shares, a growth of ∞ from the May 31st total of 0 shares. Based on an average trading volume of 7,967 shares, the days-to-cover ratio is presently 1.1 days.

FG Merger Stock Performance

NASDAQ FGMCU remained flat at $10.00 on Thursday. 20 shares of the company traded hands, compared to its average volume of 3,372. The company’s 50-day moving average price is $11.61 and its two-hundred day moving average price is $10.96. FG Merger has a 12 month low of $9.30 and a 12 month high of $19.10.

Institutional Trading of FG Merger

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Clear Street Group Inc. acquired a new position in shares of FG Merger during the 3rd quarter worth about $41,000. Flow Traders U.S. LLC boosted its holdings in FG Merger by 45.0% in the 2nd quarter. Flow Traders U.S. LLC now owns 30,759 shares of the company’s stock worth $254,000 after buying an additional 9,544 shares during the last quarter. Finally, SkyView Investment Advisors LLC acquired a new stake in FG Merger in the 2nd quarter worth about $391,000.

FG Merger Company Profile

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