FIGX Capital Acquisition Corp. (NASDAQ:FIGX) Stock Short Interest Declines 85.5%

FIGX Capital Acquisition Corp. (NASDAQ:FIGX) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 26 shares, a decline of 85.5% from the September 15th total of 179 shares. Based on an average trading volume of 47,450 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On FIGX Capital Acquisition

A number of hedge funds and other institutional investors have recently made changes to their positions in FIGX. Radcliffe Capital Management L.P. boosted its holdings in FIGX Capital Acquisition by 8.2% during the fourth quarter. Radcliffe Capital Management L.P. now owns 331,994 shares of the company’s stock worth $3,340,000 after purchasing an additional 25,041 shares during the last quarter. Sona Asset Management US LLC acquired a new stake in shares of FIGX Capital Acquisition in the 1st quarter valued at approximately $1,090,000. Mint Tower Capital Management B.V. bought a new stake in FIGX Capital Acquisition during the fourth quarter worth $2,264,000. Finally, Magnetar Financial LLC acquired a new stake in FIGX Capital Acquisition in the fourth quarter valued at $5,030,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of FIGX Capital Acquisition from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday, September 1st. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of “Sell”.

FIGX Capital Acquisition Stock Performance

Shares of NASDAQ FIGX traded up $0.03 during trading hours on Monday, reaching $10.38. The stock had a trading volume of 7,007 shares, compared to its average volume of 28,964. FIGX Capital Acquisition has a twelve month low of $10.01 and a twelve month high of $10.38. The business’s fifty day moving average is $10.32 and its two-hundred day moving average is $10.25.

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

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.