Short Interest in FIGX Capital Acquisition Corp. (NASDAQ:FIGX) Drops By 67.2%

FIGX Capital Acquisition Corp. (NASDAQ:FIGX) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 380 shares, a decline of 67.2% from the August 15th total of 1,159 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 5,354 shares, the days-to-cover ratio is presently 0.1 days.

FIGX Capital Acquisition Stock Performance

FIGX traded up $0.01 on Friday, reaching $10.32. The company’s stock had a trading volume of 36,738 shares, compared to its average volume of 4,326. The stock has a 50 day moving average of $10.29 and a two-hundred day moving average of $10.22. FIGX Capital Acquisition has a fifty-two week low of $9.98 and a fifty-two week high of $10.36.

FIGX Capital Acquisition (NASDAQ:FIGX) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.06 earnings per share for the quarter.

Hedge Funds Weigh In On FIGX Capital Acquisition

A number of large investors have recently bought and sold shares of FIGX. MMCAP International Inc. SPC purchased a new position in FIGX Capital Acquisition in the fourth quarter worth $5,030,000. Sona Asset Management US LLC purchased a new stake in shares of FIGX Capital Acquisition during the 1st quarter worth $1,090,000. Mint Tower Capital Management B.V. purchased a new stake in shares of FIGX Capital Acquisition during the 4th quarter worth $2,264,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of FIGX Capital Acquisition during the 4th quarter worth $3,150,000. Finally, Periscope Capital Inc. grew its stake in shares of FIGX Capital Acquisition by 27.0% during the 4th quarter. Periscope Capital Inc. now owns 444,400 shares of the company’s stock worth $4,471,000 after purchasing an additional 94,400 shares during the period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of FIGX Capital Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

FIGX Capital Acquisition Company Profile

We are a blank check company incorporated on February 20, 2025, as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. While we may pursue an initial business combination target in any industry, we currently intend to concentrate our efforts in identifying businesses in the financial industry group (FIG Sector), with a focus on differentiated private wealth/asset managers positioned to become multi-asset fund management platforms with diversified distribution channels and global market presence.